NL Industries, Inc. (NL) Receives “Underweight” Rating from Barclays PLC
NL Industries, Inc. (NYSE:NL)‘s stock had its “underweight” rating reaffirmed by analysts at Barclays PLC in a report issued on Wednesday. They presently have a $14.00 price objective on the basic materials company’s stock, up from their previous price objective of $7.00. Barclays PLC’s price objective would suggest a potential upside of 18.64% from the stock’s current price.
Separately, BidaskClub lowered shares of NL Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.
NL Industries (NL) traded down $0.30 during trading hours on Wednesday, hitting $11.80. 87,300 shares of the stock were exchanged, compared to its average volume of 79,820. The firm has a market capitalization of $589.45, a price-to-earnings ratio of 7.66 and a beta of 2.81. NL Industries has a twelve month low of $5.25 and a twelve month high of $14.50.
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About NL Industries
NL Industries, Inc is a holding company. The Company operates in the component products industry through its subsidiary, CompX International Inc (CompX). The Company operates in the chemicals industry through its non-controlling interest in Kronos Worldwide, Inc (Kronos). The Company, through Compx, manufactures engineered components that are sold to a range of industries, including recreational transportation (including boats), postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment.
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