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NJ Resources (NYSE:NJR) has been upgraded from Neutral to Buy in a statement by Janney Capital earlier today.

Janney Capital has upgraded NJ Resources (NYSE:NJR) from Neutral to Buy in a statement released on 11/23/2017.

Boasting a price of $44.45, NJ Resources (NYSE:NJR) traded -0.35% lower on the day. With the last stock price up 2.24% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.01% over the same time. The company has recorded a 50-day moving average of $43.29 and a 200-day moving average of $41.23. 303,544 shares of the stock were exchanged, down from an average trading volume of 332,592

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NJ Resources (NYSE:NJR)

NJ Resources has a 52 week low of $30.46 and a 52 week high of $44.30 with a P/E ratio of 18.89 The company’s market cap is currently $0.

In addition to Janney Capital reporting its target price, a total of 4 brokers have issued a research note on the company. The average stock price target is $33.63 with 2 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About NJ Resources (NYSE:NJR)

New Jersey Resources Corporation is an energy services holding company. The Company's business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream. The Natural Gas Distribution segment consists of regulated natural gas services, off-system sales, capacity and storage management operations. The Energy Services segment consists of unregulated wholesale energy operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Midstream segment consists of investments in the midstream natural gas market, such as natural gas transportation and storage facilities. The Home Services and Other operations consist of heating, cooling and water appliance sales and installations, among others.

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