Stephens Keeps a Hold Rating on Continental Building Products (CBPX)

By Jason Carr

In a report issued on January 23, Trey Grooms from Stephens reiterated a Hold rating on Continental Building Products (CBPXResearch Report), with a price target of $28. The company’s shares closed on Friday at $24.95, close to its 52-week low of $24.11.

According to TipRanks.com, Grooms ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.6% and a 35.6% success rate. Grooms covers the Industrial Goods sector, focusing on stocks such as Installed Building Products, Construction Partners Inc, and Masonite International.

Currently, the analyst consensus on Continental Building Products is a Moderate Buy with an average price target of $32.86, a 31.7% upside from current levels. In a report issued on January 23, Raymond James also downgraded the stock to Hold.

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The company has a one-year high of $39.60 and a one-year low of $24.11. Currently, Continental Building Products has an average volume of 396K.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CBPX in relation to earlier this year.

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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.