Seaport Global Reiterates Their Buy Rating on GCP Applied Technologies (GCP)


Seaport Global analyst Michael Harrison reiterated a Buy rating on GCP Applied Technologies (NYSE: GCP) yesterday and set a price target of $31. The company’s shares opened today at $26.

According to TipRanks.com, Harrison is a 4-star analyst with an average return of 13.2% and a 71.8% success rate. Harrison covers the Consumer Goods sector, focusing on stocks such as Cabot Microelectronics Corporation, Air Products and Chemicals, and Axalta Coating Systems.

Currently, the analyst consensus on GCP Applied Technologies is a Moderate Buy with an average price target of $30.50, a 17.3% upside from current levels. In a report issued on August 8, KeyBanc also reiterated a Buy rating on the stock with a $30 price target.

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The company has a one-year high of $34.79 and a one-year low of $23.85. Currently, GCP Applied Technologies has an average volume of 503.7K.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GCP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

GCP Applied Technologies, Inc. engages in the provision of products and technology solutions for customers in the specialty construction chemicals, specialty building materials, and packaging sealants, and coatings industries. It operates through the Specialty Construction Chemicals, and Specialty Building Materials segments.

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