Barclays Capital announced Eversource Energy (NYSE:ES), dropping its stock price target to $61.00 today
- Updated: October 4, 2016
Having a price of $52.64, Eversource Energy (NYSE:ES) traded -1.89% lower on the day. With the last close down -7.14% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ES has recorded a 50-day average of $54.83 and a two hundred day average of $56.57. Trade Volume was down over the average, with 1,420,879 shares of ES changing hands under the typical 1,561,830
In a statement issued on 10/04/2016 Barclays Capital lowered the target price of Eversource Energy (NYSE:ES) from $65.00 to $61.00 indicating a possible upside of 0.16%.
Recent Performance Chart
Eversource Energy has PE ratio of 19.31 with a one year low of $48.18 and a one year high of $60.44 and has a market capitalization of $0.
A total of 15 analysts have released a report on Eversource Energy. Three analysts rating the company a strong buy, one analyst rating the company a buy, fourteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $58.55.
General Company Details For Eversource Energy (NYSE:ES)
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Company's electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail customers in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses. Its electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. Its natural gas distribution segment distributes natural gas to approximately 286,000 customers in over 50 communities in central and eastern Massachusetts covering approximately 1,070 square miles.
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