In a report released today, Philip Gibbs from KeyBanc maintained a Buy rating on Luxfer (NYSE: LXFR), with a price target of $24. The company’s shares closed yesterday at $21.09.
According to TipRanks.com, Gibbs is a 1-star analyst with an average return of -0.2% and a 52.6% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Allegheny Technologies, Timkensteel Corp, and Reliance Steel.
Luxfer has an analyst consensus of Moderate Buy, with a price target consensus of $23.
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Based on Luxfer’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $10.2 million. In comparison, last year the company had a net profit of $2.5 million.
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Luxfer Holdings Plc is a technology company, which designs, manufactures, and supplies materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets. It operates through the Gas Cylinder and Elektron segments.