Prysmian S.p.A. (OTCMKTS:PRYMY) has earned an average recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.12.
A number of research firms recently issued reports on PRYMY. Morgan Stanley set a $18.12 price objective on shares of Prysmian and gave the stock an “overweight” rating in a research report on Monday, July 12th. Citigroup reiterated a “buy” rating on shares of Prysmian in a report on Thursday, July 29th.
Prysmian stock traded up $0.14 during mid-day trading on Friday, hitting $19.31. The company’s stock had a trading volume of 11,937 shares, compared to its average volume of 15,692. Prysmian has a twelve month low of $13.17 and a twelve month high of $19.71. The stock’s fifty day moving average price is $18.41 and its two-hundred day moving average price is $17.26.
Prysmian SpA engages in the development, design, manufacturing, supply, and installation of cables. It operates through the following segments: Energy, Projects, and Telecom. The Energy segment involves in the provision of trade and installers, power distribution and overhead lines, specialties and OEM, elevators, automotive, network components, core oil and gas and DHT, and sales of residual products.
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