In a report released today, Robert Barry from Buckingham maintained a Hold rating on nVent Electric plc (NVT), with a price target of $21.00. The company’s shares closed last Monday at $19.62, close to its 52-week low of $19.21.
According to TipRanks.com, Barry is ranked #2049 out of 5540 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for nVent Electric plc with a $25.60 average price target, which is a 30.5% upside from current levels. In a report issued on October 1, RBC Capital also downgraded the stock to Hold with a $24.00 price target.
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Based on nVent Electric plc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $60.9 million. In comparison, last year the company had a net profit of $68.2 million.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NVT in relation to earlier this year.
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nVent Electric Plc engages in the provision of electrical connection and protection solutions. It operates through the following segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment offers solutions that protect, connect, and manage heat in critical electronics, communication, control, and power equipment.
