Alumasc Group (ALU) Given New GBX 190 Price Target at FinnCap

Alumasc Group (LON:ALU) had its price objective cut by investment analysts at FinnCap from GBX 225 ($3.16) to GBX 190 ($2.67) in a research note issued to investors on Wednesday, March 14th. The brokerage presently has a “buy” rating on the stock. FinnCap’s price target would indicate a potential upside of 46.72% from the stock’s previous close.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 235 ($3.30) price objective on shares of Alumasc Group in a report on Wednesday, January 10th.

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ALU stock traded up GBX 2 ($0.03) on Wednesday, reaching GBX 129.50 ($1.82). The company’s stock had a trading volume of 53,743 shares, compared to its average volume of 80,404. Alumasc Group has a 52 week low of GBX 115 ($1.61) and a 52 week high of GBX 195 ($2.74).

In other news, insider Richard Saville purchased 10,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average cost of GBX 166 ($2.33) per share, with a total value of £16,600 ($23,301.52). Also, insider Andrew Magson purchased 6,386 shares of the firm’s stock in a transaction on Wednesday, April 4th. The shares were purchased at an average cost of GBX 124 ($1.74) per share, with a total value of £7,918.64 ($11,115.44). Over the last ninety days, insiders have acquired 49,659 shares of company stock valued at $7,158,347.

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About Alumasc Group

The Alumasc Group plc, together with its subsidiaries, manufactures and sells building products in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally. The company offers solar shading and architectural screening products; roofing and walling products, including waterproofing systems for flat roofs and exterior wall insulation systems, as well as roofing support services; and water management solutions to manage and attenuate water originating inside or outside of the buildings.

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