B.Riley FBR Keeps Their Buy Rating on Tecnoglass Inc (TGLS)

By Ryan Adsit

In a report issued on August 10, Alex Rygiel from B.Riley FBR reiterated a Buy rating on Tecnoglass Inc (NASDAQ: TGLS), with a price target of $12.50. The company’s shares closed on Friday at $8.95.

According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 13.4% and a 65.0% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Tutor Perini Corp, and Quanta Services.

Currently, the analyst consensus on Tecnoglass Inc is a Moderate Buy with an average price target of $12.50.

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The company has a one-year high of $9.88 and a one-year low of $5.50. Currently, Tecnoglass Inc has an average volume of 9,901.

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Tecnoglass, Inc. is a holding company, which engages in the design, manufacturing, distribution, marketing, and installation of architectural glass, windows, and associated aluminum products. It offers insulating, laminated, and monolithic glass. The company was founded on September 21, 2011 and is headquartered in Barranquilla, Colombia.