JPMorgan Chase & Co. Lowers Nexans (OTCMKTS:NXPRF) Price Target to €80.00

Nexans (OTCMKTS:NXPRFGet Rating) had its target price decreased by research analysts at JPMorgan Chase & Co. from €83.00 ($84.69) to €80.00 ($81.63) in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has a “neutral” rating on the stock.

Separately, Oddo Bhf cut shares of Nexans from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 14th.

Nexans Stock Performance

Shares of NXPRF stock opened at $82.65 on Thursday. Nexans has a fifty-two week low of $78.00 and a fifty-two week high of $104.88. The stock’s 50-day simple moving average is $87.84 and its 200-day simple moving average is $86.94.

About Nexans

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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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