Installed Building Products, In with ticker code (IBP) have now 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 146 and 100 calculating the average target price we see 128.09. Given that the stocks previous close was at 107.23 this would indicate that there is a potential upside of 19.5%. The day 50 moving average is 115.99 and the 200 day moving average is 103.18. The market cap for the company is $3,240m. Visit the company website at: http://www.installedbuildingproducts.com
Installed Building Products, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials. The company is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical applications. In addition, it installs a range of advanced caulk and sealant products that control air infiltration in residential and commercial buildings, as well as moisture protection systems. It serves homebuilders, multi-family and commercial construction firms, individual homeowners, and repair and remodeling contractors through a network of approximately 190 branch locations. The company was formerly known as CCIB Holdco Installed Building Products was founded in 1977 and is headquartered in Columbus, Ohio.