A statement released earlier today by Cowen and Company about MRC Global Inc (NYSE:MRC) bumps the target price to $16.00
- Updated: September 15, 2016
Boasting a price of $14.27, MRC Global Inc (NYSE:MRC) traded 0.92% higher on the day. With the last stock price up 2.13% from the two hundred day average, compared to the S&P 500 which has fallen -0.01% over the same period. The company has registered a 50-day average of $14.49 and 200-day moving average of $13.97. Volume of trade was was up over the average, with 1,076,474 shares of MRC changing hands over the typical 1,010,100 shares.
MRC Global Inc (NYSE:MRC) had its price target bumped up to $16 by Cowen and Company in a report issued 9/16/2016. The updated target price suggests a possible upside of 0.12% based on the company’s last stock close price.
Previously on 8/04/2016, Maxim Group released a statement about MRC Global Inc(NYSE:MRC) raised the target price from $0.00 to $16.00. At the time, this suggested an upside of 0.16%.
Recent Performance Chart:
With a total market value of $0.0, MRC Global Inc has a PE of 0 with a 52 week low of $8.50 and a one-year high of $15.59.
General Information About MRC Global Inc (NYSE:MRC)
MRC Global Inc. is an industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company operates through three segments: the United States of America, Canada and International. It has branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Kazakhstan. Its product types include valves, automation and instrumentation; carbon steel fittings and flanges and stainless steel and alloy pipe and fittings; line pipe, and oil country tubular goods (OCTG). Its valves, automation and instrumentation product offering includes ball, butterfly, gate, check, needle and plug valves, which are manufactured from cast steel, stainless/alloy steel, forged steel, carbon steel or cast and ductile iron. Its carbon steel fittings and flanges include carbon weld fittings, and flanges and piping components used to connect piping and valve systems.
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