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Public Service (NYSE:PEG) stock price target reduced to $47.00, released a research note earlier today by Barclays

Yesterday Public Service (NYSE:PEG) traded 0.07% higher at $43.63. The company’s 50-day moving average is $43.14 and its 200-day moving average is $44.92. The last stock close price is down -2.80% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 536,627 shares of PEG traded hands, down from an avg. volume of 2,858,790

Stating as potential upside of 0.08%, Barclays reduced the stock price target of Public Service (NYSE:PEG) to $47.00

See Chart Below

Public Service (NYSE:PEG)

Public Service has a one year low of $36.80 and a 52 week high of $47.41 with a P/E ratio of 15.76 Public Service’s market capitalization is presently $0.

In addition to Barclays reporting its stock price target, a total of 16 brokerages have issued a ratings update on the company. The average stock price target is $46.09 with 3 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 12 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On 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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