A statement released earlier today by RBC Capital about FirstEnergy (NYSE:FE) drops the target price to $36.00
- Updated: October 12, 2016
RBC Capital reduced the stock price target of FirstEnergy (NYSE:FE) to $36.00 indicating a possible upside of 0.15%.
Yesterday FirstEnergy (NYSE:FE) traded 0.45% higher at $31.36. The company’s 50-day moving average is $32.85 and its two hundred day average is $33.85. With the last stock price close down -7.35% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trade Volume was up over the average, with 13,766,463 shares of FE changing hands over the typical 3,796,980
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FirstEnergy has a 52 week low of $28.89 and a 52 week high of $36.60 The company’s market cap is currently $0.
Also covering FirstEnergy's price target, a total of 16 brokers have issued a report on the stock. The consensus stock price target is $35.63 with 4 firms rating the stock a strong buy, 4 firms rating the stock a buy, eleven equity analysts rating the company a hold, 0 brokerages rating the company a underperform, and lastly one broker rating the stock a sell.
General Information About FirstEnergy (NYSE:FE)
FirstEnergy Corp. is a holding company. The Company operates through three segments: Regulated Distribution, Regulated Transmission and Competitive Energy Services (CES). The Regulated Distribution segment distributes electricity through its approximately 10 utility operating companies. The Regulated Transmission segment transmits electricity through transmission facilities. The CES segment primarily supplies electricity to end use customers through retail and wholesale arrangements. The Company and its subsidiaries are involved in the generation, transmission and distribution of electricity. Its approximately 10 utility operating companies comprise investor-owned electric systems, serving over six million customers in the Midwest and Mid-Atlantic regions. Its generation subsidiaries control approximately 17,000 megawatts of capacity from a diverse mix of non-emitting nuclear, scrubbed coal, natural gas, hydroelectric and other renewables.
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