Barclays analyst Julian Mitchell maintained a Hold rating on nVent Electric plc (NVT) yesterday and set a price target of $23.00. The company’s shares closed last Monday at $19.86, close to its 52-week low of $19.28.
According to TipRanks.com, Mitchell is a 5-star analyst with an average return of 10.4% and a 68.6% success rate. Mitchell covers the Industrial Goods sector, focusing on stocks such as Gardner Denver Holdings Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
The word on The Street in general, suggests a Hold analyst consensus rating for nVent Electric plc with a $25.25 average price target, implying a 27.1% 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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The company has a one-year high of $28.49 and a one-year low of $19.28. Currently, nVent Electric plc has an average volume of 1.31M.
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.
