Monness Crespi Hardt Decides to Downgrade GCP Applied Technologies (GCP) Stock

August 9, 2018 - By Vernon Prom

GCP Applied Technologies Inc. (NYSE:GCP) Logo

GCP Applied Technologies (GCP) Receives a Downgrade

It appears that trading for shares of GCP Applied Technologies (GCP) will be interesting to watch today. Monness Crespi Hardt decreased the stock from their past Buy rating to a more current Neutral.

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 February 28, 2018 according to SRatingsIntel. Monness Crespi & Hardt downgraded GCP Applied Technologies Inc. (NYSE:GCP) on Wednesday, August 8 to “Neutral” rating. The stock has “Overweight” rating by KeyBanc Capital Markets on Wednesday, February 28.

The stock increased 2.35% or $0.6 during the last trading session, reaching $26.1. About 195,956 shares traded. GCP Applied Technologies Inc. (GCP) has risen 5.77% since August 9, 2017 and is uptrending. It has underperformed by 6.80% 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 $1.88 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 3.32 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 news for GCP Applied Technologies Inc. (NYSE:GCP) were recently published by: Globenewswire.com, which released: “GCP Applied Technologies Announces Release Date for Second Quarter 2018 Results” on July 11, 2018. Globenewswire.com‘s article titled: “GCP Applied Technologies Named to the Constructech 50” and published on July 12, 2018 is yet another important article.

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