NCB joins throng giving Kingspan thumbs up

NCB Stockbrokers has joined the chorus of positive voices on Kingspan

NCB Stockbrokers has joined the chorus of positive voices on Kingspan. Over the last five years the Co Cavan-based company has proved to be one of the most successful in rewarding its shareholders. The brokers believe Kingspan will continue to storm ahead, with earnings over the next three years expected to increase by more than 20 per cent per annum. The shares have been held back recently because of worries over new entrants in the British panel market, but NCB believes these concerns are overstated. The stock is not expensive at current levels, it says, and with such a strong track record and growth outlook it recommends investors to buy Kingspan at 330p.