London: Plutus Powergen Plc (LON:PPG)’s Stock Had Its “Buy” Rating Restated at Cantor Fitzgerald in Report Issued Today. Has GBX 3.80 Target

Plutus Powergen Plc (LON:PPG) Rating

Cantor Fitzgerald have a GBX 3.80 target price on the stock. The target price indicates a potential upside of 185.71% from Plutus Powergen Plc (LON:PPG)’s previous stock close. This rating was disclosed to clients in a research note on Thursday, 29 September.

About 2.84 million shares traded hands or 160.55% up from the average. Plutus Powergen PLC (LON:PPG) has risen 31.82% since February 26, 2016 and is uptrending. It has outperformed by 20.56% the S&P500.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on October, 20. They expect $1.72 earnings per share, up 6.83% or $0.11 from last year’s $1.61 per share. PPG’s profit will be $459.35 million for 15.05 P/E if the $1.72 EPS becomes a reality. After $1.85 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts -7.03% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.02, from 1.14 in 2016Q1. The ratio is positive, as 53 funds sold all Plutus Powergen PLC shares owned while 226 reduced positions. 69 funds bought stakes while 254 increased positions. They now own 189.57 million shares or 4.05% less from 197.56 million shares in 2016Q1.

Gallagher Fiduciary Advisors Llc holds 32.13% of its portfolio in Plutus Powergen PLC for 884,390 shares. Alleghany Corp De owns 1.00 million shares or 3.99% of their US portfolio. Moreover, Natixis Asset Management has 3.87% invested in the company for 345,191 shares. The Japan-based Mu Investments Co. Ltd. has invested 2.81% in the stock. Northcoast Asset Management Llc, a Connecticut-based fund reported 356,413 shares.

Plutus PowerGen plc, formerly Plutus Resources plc, is a United Kingdom holding firm of Plutus Energy Limited . The company has a market cap of 9.58 million GBP. The Firm offers management infrastructure for the development, construction and operation of flexible power facilities in the United Kingdom. It currently has negative earnings. Plutus Energy is an independent energy supplier engaged in generating power from flexible standby electricity generation sites.

According to Zacks Investment Research, “PPG Industries, Inc. is comprised of three following basic business segments: coatings, glass and chemicals. Areas in which resources have been focused are automotive original, refinish, industrial, aerospace, packaging, and architectural coatings; flat glass, automotive original and replacement glass, aircraft transparencies, continuous-strand fiber glass; and chlor-alkali and specialty chemicals.”

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