Public Service (NYSE:PEG) has been upgraded from Neutral to Buy in a statement by Goldman Sachs earlier today.
- Updated: October 17, 2016
Boasting a price of $40.90, Public Service (NYSE:PEG) traded 1.17% higher on the day. With the last stock price close down -6.98% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Public Service has recorded a 50-day average of $42.08 and a two hundred day average of $44.49. Volume of trade was down over the average, with 1,221,765 shares of PEG changing hands under the typical 2,802,370
Goldman Sachs has upgraded Public Service (NYSE:PEG) from Neutral to Buy in a statement released on 10/17/2016.
With a total market value of $0, Public Service has price-earnings ratio of 14.94 with a one year low of $36.80 and a one year high of $47.41 .
A total of 16 equity analysts have released a ratings update on PEG. Three equity analysts rating the company a strong buy, one equity analyst rating the company a buy, twelve equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $46.09.
Brief Synopsis About Public Service (NYSE:PEG)
Public Service Enterprise Group Incorporated (PSEG) is an energy holding company with operations located in the Northeastern and Mid- Atlantic United States. The Company is engaged in the transmission and distribution of electricity and natural gas. The Company's business consists of two segments, including Public Service Electric and Gas Company (PSE&G) and PSEG Power LLC (Power). The Company's PSE&G is a public utility company, which is engaged in the transmission of electricity and distribution of electricity and natural gas in certain areas of New Jersey. The Company's Power is a multi-regional, wholesale energy supply company that integrates its generating asset operations and gas supply commitments with its wholesale energy, fuel supply and energy trading transacting functions. The Company's other direct subsidiaries are PSEG Energy Holdings L.L.C. and PSEG Long Island LLC.
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