Nexans S.A. (OTCMKTS:NXPRF) Receives Average Recommendation of “Hold” from Analysts

Shares of Nexans S.A. (OTCMKTS:NXPRFGet Rating) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $89.67.

Several equities analysts have weighed in on the company. Cheuvreux downgraded Nexans from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Credit Suisse Group lowered their price objective on Nexans from €93.00 ($100.00) to €88.00 ($94.62) in a research report on Monday, November 7th. JPMorgan Chase & Co. lifted their target price on Nexans from €83.00 ($89.25) to €92.00 ($98.92) in a report on Wednesday, October 5th. Finally, Exane BNP Paribas cut Nexans from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 30th.

Nexans Price Performance

NXPRF opened at $89.05 on Wednesday. Nexans has a 12 month low of $78.00 and a 12 month high of $101.90. The business has a 50 day simple moving average of $90.37 and a 200-day simple moving average of $89.15.

Nexans Company Profile

(Get Rating)

Nexans SA manufactures and sells cables in France and internationally. It operates through four segments: Building & Territories, High Voltage & Projects, Telecom & Data, and Industry & Solutions. The Building & Territories segment provides cabling systems and smart energy solutions for buildings, smart cities/grids, e-mobility, local infrastructures, decentralized energy systems, and rural electrifications.

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Analyst Recommendations for Nexans (OTCMKTS:NXPRF)

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