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nVent Electric PLC (Symbol: NVT) shares have recently traded at $44.23, surpassing the average analyst 12-month target price of $44.00. This movement prompts analysts to consider downgrading their valuations or raising their targets based on company fundamentals.
Within the Zacks coverage universe, there are four different analyst targets for nVent Electric, with the lowest at $34.00 and the highest at $53.00. The standard deviation among these targets is $9.416. The average analyst rating for nVent Electric is currently 2.17, indicating a consensus of “Buy.”
As of the latest ratings breakdown, there are 2 strong buy, 1 buy, and 3 hold ratings, with no sell or strong sell ratings issued for the stock.
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