Price Target Update on Newell Rubbermaid (NYSE:NWL)

Newell Rubbermaid (NYSE:NWL) : The highest level Newell Rubbermaid (NYSE:NWL) is projected to reach is $60 for the short term and the lowest estimate is at $50. The consolidated price target from 14 rating analysts who initiate coverage on the stock is $55.21 and the possibility the share price can swing is $2.97.

Other Equity analysts have also commented on the company shares. Barclays reinstates its view on Newell Rubbermaid (NYSE:NWL) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Barclays announces the current price target of $57 per share on Newell Rubbermaid . The rating by the firm was issued on April 25, 2016.

Newell Rubbermaid (NYSE:NWL): stock turned positive on Thursday. Though the stock opened at $49.02, the bulls momentum made the stock top out at $49.485 level for the day. The stock recorded a low of $48.99 and closed the trading day at $49.46, in the green by 1.81%. The total traded volume for the day was 3,091,653. The stock had closed at $48.58 in the previous days trading.

The company shares have rallied 17.48% from its 1 Year high price. On Dec 7, 2015, the shares registered one year high at $50.90 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $47.97 and the 200 Day Moving Average price is recorded at $43.12. On the companys insider trading activities, De Sole Domenico, director of Newell Brands Inc, executed a transaction worth $199,762 on June 2, 2016. A total of 4,180 shares were purchased at an average price of $47.79. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Newell Rubbermaid Inc. is a marketer of consumer and commercial products. The Company operates in five segments: Writing, which designs, manufactures or sources, and distributes writing instruments and labeling solutions, primarily for use in business and the home; Home Solutions, which designs, manufactures or sources, and distributes a range of consumer products under various brand names; Tools, which designs, manufactures or sources, and distributes hand tools and power tool accessories, industrial bandsaw blades, tools and industrial-labeling solutions; Commercial Products, which designs, manufactures or sources, and distributes cleaning and refuse products, hygiene systems, material handling solutions, and medical and computer carts, and Baby & Parenting, which designs and distributes infant and juvenile products. Its products are marketed under a portfolio of various brands, including Sharpie, Paper Mate, Parker, Calphalon, Irwin, Lenox, Elmers, Graco, Aprica and Baby Jogger.

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