Analyst Rating Update on PPG Industries (PPG)

PPG Industries (NYSE:PPG) : 10 brokerage houses believe that PPG Industries (NYSE:PPG) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PPG Industries (NYSE:PPG). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 15 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.47.

PPG Industries (NYSE:PPG) : The highest level PPG Industries (NYSE:PPG) is projected to reach is $130 for the short term and the lowest estimate is at $110. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $122.64 and the possibility the share price can swing is $5.29.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Longbow Research, upgrades their rating on the shares of PPG Industries (NYSE:PPG). Longbow Research has a Buy rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 23, 2016.

PPG Industries (NYSE:PPG): stock turned positive on Tuesday. Though the stock opened at $99.95, the bulls momentum made the stock top out at $100.56 level for the day. The stock recorded a low of $98.42 and closed the trading day at $100.56, in the green by 1.89%. The total traded volume for the day was 1,941,333. The stock had closed at $98.69 in the previous days trading.

In an insider trading activity,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, 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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