Jefferies Sticks to Its Hold Rating for Continental Building Products (CBPX)

By Austin Angelo

Jefferies analyst Philip Ng reiterated a Hold rating on Continental Building Products (NYSE: CBPX) yesterday and set a price target of $35. The company’s shares closed yesterday at $31.65, close to its 52-week high of $32.75.

According to TipRanks.com, Ng is ranked #261 out of 4853 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Continental Building Products with a $33 average price target.

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Continental Building Products’ market cap is currently $1.17B and has a P/E ratio of 19.66. The company has a Price to Book ratio of 3.69.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is neutral on the stock.

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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 the following segments: Wallboard and Other.