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Barclays Maintains Buy Rating on Nexans
Businessinsider
1h ago
Ai Focus
Barclays analyst George Featherstone maintained a buy rating on Nexans on October 13, setting a target price of 181 euros. The stock closed at 131.10 euros last Tuesday. TipRanks shows that Featherstone ranks 3,871st out of 12,448 analysts. The market generally believes that the consensus rating for Nexans's analysts is a strong buy, with an average target price of 174 euros, implying a potential increase of 32.72% from the current level. Jefferies also upgraded the stock to a buy on October 11, with a target price of 158 euros. Nexans's latest quarterly financial report as of June 30 shows that the company's quarterly revenue was 4.74 billion euros, with a net profit of 103 million euros; in the same period last year, revenue was 4.7 billion euros and the net profit was 372 million euros.
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Barclays analyst George Featherstone maintained a buy rating on Nexans on October 13, setting a target price of 181.00 euros. The company's stock price closed at 131.10 euros last Tuesday.

According to TipRanks, Featherstone ranks 3,871st out of 12,448 analysts.

The general opinion on Street shows that analysts at Nexans have rated it as a strong buy, with an average target price of 174.00 euros, implying a potential increase of 32.72% from the current level. Jefferies also released a report on October 11th, upgrading the stock's rating to buy with a target price of 158.00 euros.

According to the latest quarterly financial report released on June 30th by Nexans, the company's quarterly revenue was 4.74 billion euros, with a net profit of 103 million euros. In contrast, during the same period last year, the company's revenue was 4.7 billion euros, and the net profit was 372 million euros.

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