Analyst Price Target Update on Pentair plc. (NYSE:PNR)

Pentair plc. (NYSE:PNR): The mean short term price target for Pentair plc. (NYSE:PNR) has been established at $60.56 per share. The higher price target estimate is at $71 and the lower price target estimate is expected at $49 according to 16 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.01

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Seaport Global upgrades its outlook on Pentair plc. (NYSE:PNR). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm raises the price target from $59 per share to $70 per share. The rating by the firm was issued on June 10, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities,The director officer (Chairman & Chief Exec. Officer) of Pentair Plc, Hogan Randall J sold 210,966 shares at $60.71 on June 6, 2016. The Insider selling transaction had a total value worth of $12,807,746. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Pentair plc. (NYSE:PNR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.85 points or 1.43% at $58.53 with 988,988 shares getting traded. Post opening the session at $59.03, the shares hit an intraday low of $58.48 and an intraday high of $59.22 and the price was in this range throughout the day. The company has a market cap of $10,577 million and the number of outstanding shares have been calculated to be 180,716,340 shares. The 52-week high of Pentair plc. (NYSE:PNR) is $69.65 and the 52-week low is $41.57.

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