Analyst Price Target Update on Albemarle Corporation (NYSE:ALB)

Albemarle Corporation (NYSE:ALB): The mean estimate for the short term price target for Albemarle Corporation (NYSE:ALB) stands at $73.27 according to 11 Analysts. The higher price target estimate for the stock has been calculated at $90 while the lower price target estimate is at $50.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup maintains the rating on Albemarle Corporation (NYSE:ALB). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $76 per share to $89 per share. The rating by the firm was issued on May 12, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The officer (Sr VP, Corp Strategy & IR), of Albemarle Corp, Juneau Matthew had unloaded 13,174 shares at $75.34 per share in a transaction on May 12, 2016. The total value of transaction was $992,529. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Albemarle Corporation (NYSE:ALB) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.375 points or 1.73% at $78.15 with 1,117,118 shares getting traded. Post opening the session at $79.36, the shares hit an intraday low of $78.11 and an intraday high of $79.7699 and the price was in this range throughout the day. The company has a market cap of $8,776 million and the number of outstanding shares have been calculated to be 112,297,329 shares. The 52-week high of Albemarle Corporation (NYSE:ALB) is $82.37 and the 52-week low is $41.37.

Albemarle Corporation (Albemarle) is a developer, manufacturer and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, plastics/packaging, construction, automotive, lubricants, pharmaceuticals, crop protection, food-safety and custom chemistry services markets. The Company operates through two segments: Performance Chemicals and Catalyst Solutions. As of December 31, 2014, the Performance Chemicals segment includes the Fire Safety Solutions, Specialty Chemicals and Fine Chemistry Services product categories. As of December 31, 2014, the Catalyst Solutions segment includes the Refinery Catalyst Solutions and Performance Catalyst Solutions product categories.

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