Analyst Price Target Update on Ecolab (NYSE:ECL)

Ecolab (NYSE:ECL): According to 10 Analysts, The short term target price has been estimated at $ 120.4.The target price could deviate by a maximum of $6.96 from the forecast price. In the near term, the target price could hit a high of $136 and a low of $ 112.

Many analysts have stated their opinion on the company shares. Nomura initiates coverage on Ecolab (NYSE:ECL) . The global brokerage major announces a current price target of $97 per share. Analysts at the Nomura have a current rating of Reduce on the shares. The rating by the firm was issued on April 19, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Mulhere Timothy P, officer (EVP & Regions President) of Ecolab Inc., had unloaded 3,762 shares at an average price of $121.6 in a transaction dated on June 8, 2016. The total value of the transaction was worth $457,459.

Ecolab (NYSE:ECL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.91 points or 0.76% at $119.34 with 1,011,814 shares getting traded. Post opening the session at $119.83, the shares hit an intraday low of $119.14 and an intraday high of $121.27 and the price was in this range throughout the day. The company has a market cap of $35,003 million and the number of outstanding shares have been calculated to be 293,305,220 shares. The 52-week high of Ecolab (NYSE:ECL) is $122.48 and the 52-week low is $98.62.

Ecolab Inc. provides water, hygiene and energy technologies and services. The Company operating segments include Global Industrial, Global Institutional, Global Energy and Other. The Companys Global Industrial segment consists of the Water, Food and Beverage, Paper and Textile Care operating units. Global Institutional segment consists of the Institutional, Specialty and Healthcare operating units. The Global Energy segment provides on-site, technology-driven solutions to the global drilling, oil and gas production, refining, and petrochemical industries. Other segment consists of the pest elimination and equipment care operating units. The Companys cleaning and sanitizing programs and products, pest elimination services and equipment maintenance and repair services support customers in the foodservice, food and beverage processing, hospitality, healthcare, Government and education, retail, textile care and commercial facilities management sectors in over 170 countries.

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