What Are Wall Street Analysts' Target Price for Hubbell Stock?

With a market cap of around $20 billion, Hubbell Incorporated (HUBB) is a leading designer, manufacturer, and seller of electrical and utility solutions for commercial, industrial, and utility markets. Based in Shelton, Connecticut, the company operates through its Electrical Solutions and Utility Solutions segments, offering a diverse portfolio of products, including wiring devices, lighting fixtures, utility infrastructure, and smart grid solutions.

Shares of the electrical products manufacturer have lagged behind the broader market over the past 52 weeks. HUBB has risen 1.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 17%. In addition, shares of HUBB are down 11.1% on a YTD basis, compared to SPX’s 1.3% gain over the same period.