Installed Building Products, In with ticker code (IBP) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 166 and 133 with the average target price sitting at 147.8. With the stocks previous close at 113.87 this indicates there is a potential upside of 29.8%. The day 50 moving average is 132.98 and the 200 moving average now moves to 123.17. The market cap for the company is $3,365m. Visit the company website at: https://www.installedbuildingproducts.com
The potential market cap would be $4,367m based on the market concensus.
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.
