Jefferies Reiterates a Buy Rating on Univar

By Carrie Williams

Jefferies analyst Laurence Alexander reiterated a Buy rating on Univar (NYSE: UNVR) yesterday and set a price target of $39. The company’s shares closed yesterday at $28.10.

According to TipRanks.com, Alexander is a top 100 analyst with an average return of 13.8% and a 71.0% success rate. Alexander covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and GCP Applied Technologies.

Currently, the analyst consensus on Univar is Moderate Buy and the average price target is $35.67, representing a 26.9% upside.

In a report issued on August 31, Credit Suisse also maintained a Buy rating on the stock with a $36 price target.

The company has a one year high of $33.15 and a one year low of $19.80. Currently, Univar has an average volume of 838.7K.

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Univar, Inc. distributes industrial and specialty chemicals. It operates its business through the following segments: Univar USA (USA), Univar Canada (Canada), Univar Europe and the Middle East and Africa (EMEA), and the Rest of the World.