There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Ingevity (NGVT – Research Report) and Perenti Global (AUSDF – Research Report) with bullish sentiments.
Ingevity (NGVT)
In a report released today, Vincent Anderson from Stifel Nicolaus maintained a Buy rating on Ingevity, with a price target of $91.00. The company’s shares closed last Wednesday at $44.97, close to its 52-week low of $36.66.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ingevity with a $60.67 average price target.
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Perenti Global (AUSDF)
In a report released yesterday, William Park CPA from Citi maintained a Buy rating on Perenti Global, with a price target of A$1.25. The company’s shares closed last Friday at $0.66, close to its 52-week low of $0.65.
According to TipRanks.com, CPA is ranked #5698 out of 8729 analysts.
Currently, the analyst consensus on Perenti Global is a Strong Buy with an average price target of $0.84.
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