Barclays Maintains Underweight Rating for NL Industries: Here's What You Need To Know

Barclays has decided to maintain its Underweight rating of NL Industries NL and lower its price target from $6.00 to $5.00.

Shares of NL Industries are trading down 0.37% over the last 24 hours, at $5.19 per share.

A move to $5.00 would account for a 3.67% decline from the current share price.

About NL Industries

NL Industries Inc operates in the component products industry through its majority-owned subsidiary, CompX International Inc. It manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. CompX has three production facilities in the United States, through which it produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives most of its revenue from Europe.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.