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Citigroup Inc. announced FirstEnergy Corp. (NYSE:FE), bumping up its stock price target to $31.00 today

Yesterday FirstEnergy Corp. (NYSE:FE) traded 1.46% higher at $32.23. The company’s 50-day moving average is $32.77 and its 200-day moving average is $33.74. The last closing price is down -3.09% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 580,629 shares of the stock were exchanged, down from an average trading volume of 3,852,460

FirstEnergy Corp. (NYSE:FE) had its target price raised to $31.00 by Citigroup Inc. in a report released 10/18/2016. The new target price indicates a possible downside of -0.04% based on the company's last closing price.

See Chart Below

FirstEnergy Corp. (NYSE:FE)

FirstEnergy Corp. has a 52 week low of $28.89 and a 52 week high of $36.60 The company’s market cap is currently $0.

In addition to Citigroup Inc. reporting its target price, a total of 16 brokers have issued a report on the stock. The consensus target price is $35.63 with four brokerages rating the company a strong buy, four brokerages rating the company a buy, eleven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly one equity analyst rating the company a sell.

Brief Synopsis About FirstEnergy Corp. (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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