RBC Capital analyst Deane Dray maintained a Buy rating on nVent Electric (NVT – Research Report) yesterday and set a price target of $72.00. The company’s shares closed yesterday at $61.82.
According to TipRanks, Dray is a 5-star analyst with an average return of 14.2% and a 64.93% success rate. Dray covers the Industrials sector, focusing on stocks such as Honeywell International, Johnson Controls, and Carrier Global.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for nVent Electric with a $68.60 average price target, a 10.97% upside from current levels. In a report released yesterday, Barclays also reiterated a Buy rating on the stock with a $74.00 price target.
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NVT market cap is currently $10.45B and has a P/E ratio of 18.34.
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nVent Electric (NVT) Company Description:
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. The Thermal Management segment includes electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes, and people. The Electrical & Fastening Solution segment consists of fastening solutions that connect and protect electrical and mechanical systems and civil structures. The company was founded on May 30, 2017 and is headquartered in London, the United Kingdom.
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