Citigroup reported on Consolidated Edison Inc. (NYSE:ED), reducing its target price to $72.00 today
- Updated: October 4, 2016
Boasting a price of $73.19, Consolidated Edison Inc. (NYSE:ED) traded -1.48% lower on the day. With the last close down -4.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Consolidated Edison Inc. has recorded a 50-day average of $75.97 and a two hundred day average of $76.35. Volume of trade was down over the average, with 1,424,241 shares of ED changing hands under the typical 1,789,650
Consolidated Edison Inc. (NYSE:ED) had its price target dropped to $72.00 by Citigroup in an issued report issued 10/04/2016. The updated stock price target implies a possible downside of -0.02% based on the company's last close.
Recent Performance Chart
Consolidated Edison Inc. has PE ratio of 18.95 with a one year low of $60.30 and a one year high of $81.88 and has a market capitalization of $0.
A total of 13 analysts have released a research note on Consolidated Edison Inc.. zero analysts rating the company a strong buy, zero analysts rating the company a buy, twelve analysts rating the company a hold, 4 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell with a average stock price target of $69.46.
Brief Synopsis On Consolidated Edison Inc. (NYSE:ED)
Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. It owns competitive energy businesses. The Company also owns Con Edison Transmission, Inc. (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas). CECONY is a provider of electricity, natural gas and steam to customers in New York City and Westchester County. O&R delivers electricity and natural gas to customers located in south-eastern New York, northern New Jersey and north eastern Pennsylvania. Con Edison provides energy-related products and services to wholesale and retail customers, and develops, owns and operates renewable and energy infrastructure projects.
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