In a report released today, Jim Giannakouros from Oppenheimer assigned a Hold rating to nVent Electric plc (NYSE: NVT). The company’s shares opened today at $25.75.
According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 6.2% and a 57.2% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.
Currently, the analyst consensus on nVent Electric plc is Moderate Buy and the average price target is $28, representing an 8.7% upside.
In a report issued on May 14, Barclays also initiated coverage with a Hold rating on the stock with a $24 price target.
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The company has a one-year high of $27 and a one-year low of $21. Currently, nVent Electric plc has an average volume of 3.63M.
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nVent Electric Plc provides electrical connection and protection solutions. It designs, manufactures, markets, installs, and services products and solutions that connect and protect some of the equipment, buildings, and critical processes.
