Barclays Sticks to Their Buy Rating for Owens Corning (OC)

By Austin Angelo

In a report issued on June 28, Matthew Bouley from Barclays maintained a Buy rating on Owens Corning (OCResearch Report), with a price target of $65. The company’s shares opened today at $58.75.

According to TipRanks.com, Bouley is a 4-star analyst with an average return of 9.3% and a 54.7% success rate. Bouley covers the Industrial Goods sector, focusing on stocks such as Cornerstone Building Brands Inc, Continental Building Products, and Advanced Drainage Systems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Owens Corning with a $58.60 average price target, a -0.3% downside from current levels. In a report issued on June 27, Merrill Lynch also upgraded the stock to Buy with a $72 price target.

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Owens Corning’s market cap is currently $6.32B and has a P/E ratio of 12.99. The company has a Price to Book ratio of 1.48.

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Owens Corning engages in the development, manufacture, and marketing of insulation, roofing, and fiberglass composites. It operates through the following segments: Composites, Insulation, and Roofing.