Price Target Update on PPG Industries (NYSE:PPG)

PPG Industries (NYSE:PPG) : The highest level PPG Industries (NYSE:PPG) is projected to reach is $129 for the short term and the lowest estimate is at $110. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $122.08 and the possibility the share price can swing is $5.04.

Other Equity analysts have also commented on the company shares. CLSA downgrades its view on PPG Industries (NYSE:PPG) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. The rating by the firm was issued on May 6, 2016.

PPG Industries (NYSE:PPG): stock turned positive on Thursday. Though the stock opened at $109.7, the bulls momentum made the stock top out at $111.26 level for the day. The stock recorded a low of $109.44 and closed the trading day at $111.22, in the green by 3.16%. The total traded volume for the day was 2,078,270. The stock had closed at $107.81 in the previous days trading.

The company shares have dropped -8.43% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $118.56 and the one year low was seen on Oct 1, 2015. The 50-Day Moving Average price is $107.84 and the 200 Day Moving Average price is recorded at $103.39. On the companys insider trading activities, Bunch Charles E, director officer (Executive Chairman of Board) of Ppg Industries Inc, unloaded 46,286 shares at an average price of $98.17 on February 26, 2016. The total amount of the transaction was worth $4,543,897, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

PPG Industries, Inc. (PPG) manufactures and distributes a range of coatings, optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings, Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish, aerospace, architectural coatings-Americas and Asia Pacific, architectural coatings-EMEA, and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings, industrial coatings, packaging coatings, and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

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