South Jersey Industries Inc (NYSE:SJI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded South Jersey Industries Inc (NYSE:SJI) to Sell in a statement released on 10/12/2016.
On 09/08/2016, Morgan Stanley released a statement about South Jersey Industries Inc (NYSE:SJI) upped the target price from $0.00 to $32.00 that suggested an upside of 0.06%.
Having a price of $27.52, South Jersey Industries Inc (NYSE:SJI) traded -0.35% lower on the day. With the last stock price down -4.02% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. SJI has recorded a 50-day average of $29.24 and a two hundred day average of $29.53. Trade Volume was down over the average, with 223,413 shares of SJI changing hands under the typical 358,932
Recent Performance Chart
South Jersey Industries Inc has PE ratio of 20.00 with a one year low of $21.24 and a one year high of $32.03 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $30.95 with 4 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On South Jersey Industries Inc (NYSE:SJI)
South Jersey Industries, Inc. (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC. The Company operates through various segments, including Gas utility operations (SJG), Wholesale energy operations, SJE, On-Site energy production, Appliance service operations and Corporate & Services. The Company groups its nonutility operations into over two categories: Energy Group and Energy Services. Energy Group includes wholesale energy, retail gas and other, and retail electric operations. Energy Services include on-site energy production and appliance service operations.
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