A statement released earlier today by RBC Capital Markets about KB Home (NYSE:KBH) bumps the target price to $25.00

Having a price of $23.79, KB Home (NYSE:KBH) traded 1.13% higher on the day. With the last close up 2.40% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the same period. KB Home has recorded a 50-day average of $23.14 and a two hundred day average of $20.90. Volume of trade was down over the average, with 944,013 shares of KBH changing hands under the typical 2,238,500

Stating a potential upside of 0.05%, RBC Capital Markets upped the price target of KB Home (NYSE:KBH) to $25.00

Performance Chart

With a total market value of $0, KB Home has P/E ratio of 16.49 with a 52 week low of $14.06 and a 52 week high of $24.37 .

In addition to RBC Capital Markets reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $14.25 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 13 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About KB Home (NYSE:KBH)

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment. Its homebuilding segments include West Coast, Southwest, Central and Southeast. The homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding segments, and provides title services in the majority of markets located within its Central and Southeast homebuilding segments. It offers homes in development communities, at urban in-fill locations and as part of mixed-use projects.

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