Cowen recorded MRC Global (NYSE:MRC), stepping up its price target to $16.00 today
- Updated: September 15, 2016
Just yesterday MRC Global (NYSE:MRC) traded 0.92% higher at $14.27. The company’s 50-day average is $14.49 and its two hundred day average is $13.97. The last stock price is up 2.13% from the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the date range. Trading volume was was up over the average, with 1,076,474 shares of MRC changing hands over the typical 1,010,100 shares..
In a report released on 9/16/2016 Cowen increased the target price of MRC Global (NYSE:MRC) from $0 to $16 stating a possible upsideof 0.12%.
Previously on 8/04/2016, Maxim Group reported on MRC Global(NYSE:MRC) raised the target price from $0.00 to $16.00 that indicated a possible upside of 0.16%.
Recent Performance Graph:
With a total market value of $0.0, MRC Global has a 52 week low of $8.50 and a 52 week high of $15.59 with a P/E ratio of 0.
Brief Synopsis On MRC Global (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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