Continental Building Products Receives a New Rating from Top Analyst

By Ryan Adsit

RBC Capital analyst Robert Wetenhall reiterated a Buy rating on Continental Building Products (NYSE: CBPX) today and set a price target of $28. The company’s shares closed last Friday at $23.65.

According to TipRanks.com, Wetenhall is a top 25 analyst with an average return of 14.4% and a 81.8% success rate. Wetenhall covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Advanced Drainage Systems, and Masonite International.

Continental Building Products has an analyst consensus of Moderate Buy, with a price target consensus of $26.50.

The company has a one year high of $26.53 and a one year low of $18.35. Currently, Continental Building Products has an average volume of 352.1K.

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Continental Building Products, Inc. engages in manufacturing and supplies of gypsum wallboard and complementary finishing products. It provides wallboard and joint compound materials for the building and construction of residential houses and commercial buildings. The company operates through two business segments: Wallboard and Other. The wallboard segment produces wallboard for the commercial and residential construction sectors. The Other segment manufactures finishing products, which complement the company’s full range of wallboard products. It offers its solutions under product brands, such as LiftLite, Mold Defense, Firecheck, Protecta, Weather Defense and Rapid Coat. The company was founded on July 26, 2013 and is headquartered in Reston, VA.