Peel Hunt Lowers Alumasc Group (ALU) to Add

Peel Hunt lowered shares of Alumasc Group (LON:ALU) to an add rating in a research note released on Tuesday morning. The firm currently has GBX 135 ($1.83) price target on the stock, down from their prior price target of GBX 200 ($2.71).

Separately, FinnCap lowered their price target on shares of Alumasc Group from GBX 225 ($3.05) to GBX 190 ($2.58) and set a buy rating for the company in a report on Wednesday, March 14th.

Shares of Alumasc Group opened at GBX 135.20 ($1.83) on Tuesday, MarketBeat reports. Alumasc Group has a 52-week low of GBX 115 ($1.56) and a 52-week high of GBX 195 ($2.65).

In related news, insider David Armfield acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average cost of GBX 130 ($1.76) per share, for a total transaction of £26,000 ($35,268.58). Also, insider Andrew Magson acquired 6,386 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The stock was bought at an average price of GBX 124 ($1.68) per share, with a total value of £7,918.64 ($10,741.51). Insiders have bought 31,088 shares of company stock valued at $3,998,422 over the last quarter.

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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