Tennant Company – Consensus Indicates Potential 18.1% Upside

Broker Ratings

Tennant Company with ticker code (TNC) have now 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 93 and 83 with the average target price sitting at 88. Now with the previous closing price of 74.53 this now indicates there is a potential upside of 18.1%. The 50 day MA is 79.32 and the 200 moving average now moves to 78.73. The company has a market capitalisation of $1,392m. Company Website: https://www.tennantco.com

The potential market cap would be $1,644m based on the market concensus.

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Tennant Company, together with its subsidiaries, designs, manufactures, and markets floor cleaning equipment in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a suite of products, including floor maintenance and outdoor cleaning equipment, detergent-free and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair services, specialty surface coatings, and asset management solutions. It also provides business solutions, such as financing, rental, and leasing programs, as well as machine-to-machine asset management solutions. The company offers its products under the Tennant, Nobles, Alfa Uma Empresa Tennant, IRIS, VLX, IPC, Gaomei, and Rongen brands, as well as private-label brands. Its products are used in retail establishments and distribution centers; factories and warehouses; and public venues, such as arenas and stadiums, office buildings, schools and universities, hospitals and clinics, parking lots and streets, and other environments. The company markets its products to contract cleaners and businesses through direct sales and service organizations, as well as through a network of authorized distributors. Tennant Company was founded in 1870 and is headquartered in Eden Prairie, Minnesota.

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