Separately, analysts at Stifel Nicolaus initiated coverage on shares of EnerSys in a research note to investors on Monday, March 5th. They set a “buy” rating and a $40.00 price target on the stock.
EnerSys opened at 32.67 on Thursday. EnerSys has a 52 week low of $17.35 and a 52 week high of $38.03. The company has a market cap of $1.560 billion and a P/E ratio of 12.62.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. It has two primary industrial battery product lines: reserve power products and motive power products.