PQ Group Holdings Inc.’s Quiet Period Set To End on November 8th (NYSE:PQG)

PQ Group Holdings’ (NYSE:PQG) quiet period is set to end on Wednesday, November 8th. PQ Group Holdings had issued 29,000,000 shares in its initial public offering on September 29th. The total size of the offering was $507,500,000 based on an initial share price of $17.50. During PQ Group Holdings’ quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

A number of equities analysts recently issued reports on PQG shares. Jefferies Group LLC started coverage on PQ Group Holdings in a report on Tuesday, October 24th. They set a “buy” rating and a $23.00 price target on the stock. Deutsche Bank AG started coverage on PQ Group Holdings in a report on Tuesday, October 24th. They set a “buy” rating and a $20.00 price target on the stock. Citigroup Inc. started coverage on PQ Group Holdings in a report on Tuesday, October 24th. They set a “buy” rating and a $20.00 price target on the stock. Nomura started coverage on PQ Group Holdings in a report on Tuesday, October 24th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Morgan Stanley started coverage on PQ Group Holdings in a report on Tuesday, October 24th. They set an “equal weight” rating and a $19.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $19.85.

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PQ Group Holdings (PQG) traded down 2.44% during trading on Wednesday, hitting $16.00. The company had a trading volume of 184,985 shares. The company’s market cap is $2.16 billion. PQ Group Holdings has a 12 month low of $15.78 and a 12 month high of $17.65. The company’s 50 day moving average price is $17.07 and its 200-day moving average price is $17.07.

About PQ Group Holdings

PQ Group Holdings Inc is a global provider of catalysts, specialty materials, chemicals and services that enable environmental improvements. The Company’s products and solutions help companies produce vehicles with fuel efficiency. The Company has developed zeolite-based catalysts to reduce pollutants in diesel engines.

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