Albemarle Corporation (NYSE:ALB) traded at a new 52-week high today of $141.94. This new high was reached on below average trading volume as 252,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.
There is potential upside of 43.0% for shares of Albemarle Corporation based on a current price of $139.66 and an average consensus analyst price target of $199.69.
Albemarle is the world’s largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries.
Albemarle Corporation share prices have moved between a 52-week high of $141.94 and a 52-week low of $48.89 and are now trading 186% above that low price at $139.66 per share.
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