What Will The Effects of a KeyBanc Downgrade Be For GCP Applied Technologies (GCP) Shares?

November 8, 2018 - By Mona Holcomb

GCP Applied Technologies Inc. (NYSE:GCP) Logo

GCP Applied Technologies (GCP) Receives a Downgrade

Stock analysts at KeyBanc’s equities division decreased the rating for shares of GCP Applied Technologies (GCP) from a “Overweight” to a “Sector Weight” on 8 November.

GCP Applied Technologies Inc. (NYSE:GCP) Ratings Coverage

Among 2 analysts covering GCP Applied Technologies (GCP), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. GCP Applied Technologies had 2 analyst reports since August 8, 2018 according to SRatingsIntel. The company was maintained on Thursday, August 9 by KeyBanc Capital Markets. The rating was downgraded by Monness Crespi & Hardt to “Neutral” on Wednesday, August 8.

The stock decreased 3.78% or $1.09 during the last trading session, reaching $27.72. About 876,116 shares traded or 24.38% up from the average. GCP Applied Technologies Inc. (GCP) has declined 17.22% since November 9, 2017 and is downtrending. It has underperformed by 32.84% the S&P500.

GCP Applied Technologies Inc. produces and sells specialty construction chemicals, specialty building materials, and packaging sealants and coatings worldwide. The company has market cap of $2.00 billion. The Company’s Specialty Construction Chemicals segment offers concrete admixtures under the ADVA, STRUX, MIRA, POLARSET, ECLIPSE, DARACEM, DARASET, DCI, RECOVER, WRDA, and ZYLA brands; admixtures for decorative concrete under the PIERI brand; concrete production management system under the VERIFI brand; and cement additives under the CBA, SYNCHRO, HEA2, TDA, and ESE brands. It has a 3.7 P/E ratio. The companyÂ’s Specialty Building Materials segment provides building envelope products to protect structures from water, and manages air and vapor transmission through building walls under the BITUTHENE, PREPRUFE, ADPRUFE, HYDRODUCT, ADCOR, SILCOR, and PERM-A-BARRIER brands; and residential building products comprising roofing underlayments, flashings, and weather barriers under the ICE & WATER SHIELD, TRI-FLEX, and VYCOR brands.

More notable recent GCP Applied Technologies Inc. (NYSE:GCP) news were published by: Globenewswire.com which released: “GCP Applied Technologies Receives European Patent on Sustainable Cement Grinding Methods” on October 18, 2018, also Streetinsider.com with their article: “KeyBanc Downgrades GCP Applied Technologies (GCP) to Sector Weight” published on November 08, 2018, Globenewswire.com published: “GCP Applied Technologies Announces Release Date for Third Quarter 2018 Results” on October 15, 2018. More interesting news about GCP Applied Technologies Inc. (NYSE:GCP) were released by: Globenewswire.com and their article: “GCP Applied Technologies Reports Third Quarter 2018 Results” published on November 06, 2018 as well as Globenewswire.com‘s news article titled: “New Research Coverage Highlights Enbridge Energy Partners, GCP Applied Technologies, Gulfport Energy, Red …” with publication date: October 15, 2018.

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