ENXTPA:NEXElectrical
Is Nexans (ENXTPA:NEX) Cheap Following Its Hydro Supply Deal?
Nexans (ENXTPA:NEX) has signed a five year agreement with Norsk Hydro for about 85,000 tonnes of low carbon aluminium wire rod, securing material for European power cable and grid infrastructure projects.
See our latest analysis for Nexans.
At a share price of €134.0, Nexans has seen its 1 year total shareholder return of 23.37% and 5 year total shareholder return of 89.42% contrast with recent 7 day and 30 day share price declines. This suggests longer term momentum alongside some short term...