Analyst Price Target is $237.50
▼ -9.62% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for Encore Wire in the last 3 months. The average price target is $237.50, with a high forecast of $240.00 and a low forecast of $235.00. The average price target represents a -9.62% upside from the last price of $262.78.
Current Consensus is
Buy
The current consensus among 1 polled investment analysts is to buy stock in Encore Wire. This Buy consensus rating has held steady for over two years.
Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables. The company's products are used to distribute power from the transmission grid to the wall outlet or switch. It sells its products to wholesale electrical distributors through independent manufacturers' representatives for residential, commercial, industrial, and renewable energy sectors. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.
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