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MRC Global Inc 34.6% Potential Upside Now Implied by Maxim Group

MRC Global Inc using SYMBOL code NYSE:MRC had its stock rating noted as ‘Reitereated’ with the recommendation being set at ‘BUY’ today by analysts at Maxim Group. MRC Global Inc are listed in the Capital Goods sector within NYSE. Maxim Group have set a target price of 17 USD on its stock. This now indicates the analyst believes there is a potential upside of 34.6% from today’s opening price of 12.63 USD. MRC Global Inc NYSE:MRC has a 50 day moving average of 15.07 USD and a 200 Day Moving Average share price is recorded at 15.23 USD. The 1 year high for the stock price is 25.44 USD while the 52 week low for the share price is 10.2 USD.

 

MRC Global Inc NYSE:MRC is a global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company offers products that are used in the construction, maintenance, repair and overhaul of equipment used in extreme operating conditions, such as high pressure, high/low temperature and high corrosive and abrasive environments. Its product types include valves, automation and instrumentation, carbon steel fittings and flanges and stainless steel and alloy pipe and fittings, line pipe and oil country tubular goods, among others. The Company offers around 230,000 stock keeping units, including an array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. The Company operates through its U.S., Canadian, and International segments. It has operations in over 400 service locations. It provides services, such as product testing, volume purchasing and warehousing, among others.