A report released today by Barclays Capital about Public Service Enterprise (NYSE:PEG) bumps the target price to $50.00
- Updated: September 22, 2016
Having a price of $43.73, Public Service Enterprise (NYSE:PEG) traded 0.07% higher on the day. With the last close down -2.80% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $43.14 and a 200-day moving average of $44.92. Volume of trade was down over the average, with 536,627 shares of PEG changing hands under the typical 2,858,790
In a report released on 09/22/2016 Barclays Capital increased the stock price target of Public Service Enterprise (NYSE:PEG) from $47.00 to $50.00 indicating a possible upside of 0.14%.
Public Service Enterprise has P/E ratio of 15.76 with a 52 week low of $36.80 and a 52 week high of $47.41 and has a market cap of $0.
Also covering Public Service Enterprise's target, a total of 16 equity analysts have released a research note on PEG. The one year target is $46.09 with 3 brokerages rating the stock a strong buy, 1 broker rating the company a buy, twelve brokerages rating the company a hold, one equity analyst rating the company a underperform, and lastly 1 broker rating the stock a sell.
About Public Service Enterprise (NYSE:PEG)
Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company's business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power). The Company's PSE&G is a public utility company, which is engaged in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. The Company's Power is a multi-regional, wholesale energy supply company that integrates its generating asset operations and gas supply commitments with its wholesale energy, fuel supply and energy trading transacting functions. The Company's other direct subsidiaries are PSEG Energy Holdings L.L.C. and PSEG Long Island LLC.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.