Berenberg Bank Keeps Their Hold Rating on Albemarle (ALB)

Berenberg Bank analyst maintained a Hold rating on Albemarle on February 20 and set a price target of $153.00. The company’s shares closed last Friday at $168.42.

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Currently, the analyst consensus on Albemarle is a Moderate Buy with an average price target of $190.65, representing a 13.20% upside. In a report released on February 18, Evercore ISI also maintained a Hold rating on the stock with a $180.00 price target.

Based on Albemarle’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.43 billion and a GAAP net loss of $414.18 million. In comparison, last year the company earned a revenue of $1.23 billion and had a net profit of $75.29 million

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALB in relation to earlier this year. Earlier this month, Melissa H. Anderson, the Chief Bus..Transformation Off of ALB sold 8,454.00 shares for a total of $1,384,004.34.