Installed Building Products, In found using ticker (IBP) now have 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 156 and 130 and has a mean target at 140.3. Given that the stocks previous close was at 114.96 this would imply there is a potential upside of 22.0%. There is a 50 day moving average of 119.01 and the 200 day MA is 115.64. The company has a market capitalisation of $3,415m. You can visit the company’s website by visiting: 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.