Citigroup Maintains Continental Building Products Inc to Neutral with Price Target $25.00

Brokerage firm Citigroup Maintains its rating on Continental Building Products Inc(NYSE:CBPX). In a research note issued to the investors, the brokerage major Raises the price-target to $25.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 5, 2016.

In a different note, On Aug 4, 2016, Citigroup said it Maintains its rating on Continental Building Products Inc. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 2, 2016, Barclays said it Maintains its rating on Continental Building Products Inc. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 16, 2016, Deutsche Bank said it Maintains its rating on Continental Building Products Inc. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Hold’ by the firm. On May 12, 2016, Citigroup said it Maintains its rating on Continental Building Products Inc. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Neutral’ by the firm.

Continental Building Products Inc (CBPX) shares turned negative on Wednesdays trading session with the shares closing down -0.3 points or -1.36% at a volume of 3,25,475. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.2126. The peak price level was also seen at $22.2126 while the days lowest was $21.79. Finally the shares closed at $21.81. The 52-week high of the shares is $24.78 while the 52-week low is $13.25. According to the latest information available, the market cap of the company is $882 M.

Continental Building Products Inc(CBPX) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $117.11M. Analysts had an estimated revenue of $113.27M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Edward M Bosowski (director) purchased 2,500 shares at $21.06 per share price.Also, On Dec 4, 2015, James W Bachmann (CEO) purchased 5,610 shares at $18.24 per share price.On Nov 13, 2015, David Richard Obergefell (Senior VP Manufacturing) purchased 3,000 shares at $18.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Continental Building Products Inc. is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R). The Company offers its customers a range of gypsum wallboard products including LiftLite a lightweight wallboard for use on interior walls; Mold Defense line of products designed for enhanced protection against mold and mildew and Weather Defense line of moisture and mold-resistant exterior sheathing. The Company’s wallboard product offerings include LiftLite Firecheck Mold Defense and Rapid Coat. The Company operates its automated manufacturing facilities in Silver Grove (Kentucky) Palatka (Florida) and Buchanan (New York).

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