California Water Service Group (NYSE:CWT) target price bumped up to $37.00, released a ratings update earlier today by Zacks Investment Research
- Updated: September 27, 2016
Stating a potential upside of 0.13%, Zacks Investment Research increased the target of California Water Service Group (NYSE:CWT) to $37.00
Previously on 9/06/2016, Barclays reported about California Water Service Group (NYSE:CWT) lowered the target price from $33.00 to $31.00. At the time, this indicated a possible downside of 0.00%.
Yesterday California Water Service Group (NYSE:CWT) traded -0.73% lower at $32.65. The company’s 50-day moving average is $31.47 and its 200-day moving average is $30.33. The last stock close price is up 7.64% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 123,996 shares of the stock were exchanged, down from an average trading volume of 232,430
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California Water Service Group has a 52 week low of $21.01 and a 52 week high of $35.62 with a P/E ratio of 35.49 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $27.00 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 5 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About California Water Service Group (NYSE:CWT)
California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico and Hawaii through its subsidiaries. It operates through supply and distribution of water, and providing water-related utility services segment. Its business comprises the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include water system operation, billing and meter reading services. Non-regulated operations also include the lease of communication antenna sites and lab services. Its subsidiaries include California Water Service Company, New Mexico Water Service Company, Washington Water Service Company, Hawaii Water Service Company, Inc., CWS Utility Services and HWS Utility Services LLC.
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