nVent Electric plc – Consensus Indicates Potential 22.2% Upside

Broker Ratings

nVent Electric plc found using ticker (NVT) now have 6 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 48 and 40 and has a mean target at 42.83. Now with the previous closing price of 35.06 this now indicates there is a potential upside of 22.2%. The 50 day moving average now sits at 36.15 and the 200 day MA is 33.74. The company has a market capitalisation of $5,675m. You can visit the company’s website by visiting: https://www.nvent.com

The potential market cap would be $6,932m based on the market concensus.

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nVent Electric plc designs, manufactures, markets, installs, and services electrical connection and protection products in the United Kingdom and internationally. 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 has a strategic alliance with Power Resources International Inc. to provide rail and switch heating solutions to the North American transit industry. The company was founded in 1903 and is based in London, the United Kingdom.

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