nVent Electric plc – Consensus Indicates Potential 19.7% Upside

Broker Ratings

nVent Electric plc with ticker code (NVT) have now 7 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 38 and 30 with the average target price sitting at 32.57. With the stocks previous close at 27.22 this is indicating there is a potential upside of 19.7%. The 50 day moving average now sits at 26.65 and the 200 moving average now moves to 22.48. The company has a market cap of $4,637m. You can visit the company’s website by visiting: http://www.nvent.com

nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United States, Canada, Western and Eastern Europe included in European Union, China, Eastern Europe not included in European Union, Latin America, the Middle East, Southeast Asia, Australia, and Japan. The company operates through three segments: Enclosures, Thermal Management, and Electrical & Fastening Solutions. The Enclosures segment provides solutions to connect and protect critical electronics, communication, control, and power equipment; physical infrastructure solutions to host, connect, and protect server and network equipment; and indoor and outdoor protection for test and measurement and aerospace and defense applications. Its products also include metallic and non-metallic enclosures, cabinets, sub racks, and backplanes. The Thermal Management segment offers electric thermal solutions that connect and protect critical buildings, infrastructure, industrial processes, and people. This segment offers thermal management systems comprise heat tracing, floor heating, fire-rated and specialty wiring, sensing, and snow melting and de-icing solutions. The Electrical & Fastening Solutions segment provides fastening solutions to connect and protect electrical and mechanical systems, and civil structures. It also provides engineered electrical and fastening products. The company sells its products under the CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF, and TRACER brands. nVent Electric plc markets its products through electrical distributors, data center contractors, original equipment manufacturers, and maintenance contractors. The company serves energy, industrial, infrastructure, and commercial and residential sectors. nVent Electric plc was founded in 1903 and is based in London, the United Kingdom.

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