Analyst Price Target Update on PPG Industries (NYSE:PPG)

PPG Industries (NYSE:PPG): 14 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $122.14 in PPG Industries (NYSE:PPG). However, the stock price could fluctuate by $ 4.85 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $129 price target with the lower price estimate is calculated at $110

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm CLSA downgrades its rating on PPG Industries (NYSE:PPG). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 6, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director officer (Executive Chairman of Board) of Ppg Industries Inc, Bunch Charles E sold 46,286 shares at $98.17 on February 26, 2016. The Insider selling transaction had a total value worth of $4,543,897. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

PPG Industries (NYSE:PPG) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.55 points or 1.42% at $107.69 with 1,343,900 shares getting traded. Post opening the session at $108.94, the shares hit an intraday low of $107.61 and an intraday high of $109.25 and the price was in this range throughout the day. The company has a market cap of $28,652 million and the number of outstanding shares have been calculated to be 266,063,409 shares. The 52-week high of PPG Industries (NYSE:PPG) is $118.69 and the 52-week low is $82.93.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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