Kingspan Group Stock News

Irish building materials maker Kingspan was fined €40 million ($44.74 million) for providing incorrect ​and misleading information during an investigation into its ‌abandoned acquisition of a Slovenian rival, EU antitrust regulators said on Thursday.

JP Morgan has upgraded Kingspan Group PLC (ISE:KRX), the Irish building materials group, to 'overweight' from 'neutral', citing strong earnings momentum from its data centre exposure that it believes is not fully reflected in the valuation. Order intake on data solutions for Kingspan's Advnsys segment has nearly quadrupled, yet the shares trade on 13 times 12-month forward EV/EBITDA, a discount...

Kingspan Group PLC (ISE:KRX) has been upgraded to 'buy' from 'hold' by Jefferies, which raised its price target to €140 from €103.90 and named the building materials group a sector top pick, citing accelerating data-centre exposure, stronger earnings growth and further acquisition potential. The target implies around 38% upside from the €101.17 share price used in the broker's analysis.