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Zacks Investment Research announced Chesapeake Utilities Corporation (NYSE:CPK), hiking its price target to $68.00 earlier today

Reporting a potential upside of 0.11%, Zacks Investment Research upped the price target of Chesapeake Utilities Corporation (NYSE:CPK) to $68.00

Yesterday Chesapeake Utilities Corporation (NYSE:CPK) traded 0.54% higher at $61.06. The company’s 50-day moving average is $63.36 and its 200-day moving average is $62.05. The last closing price is down -1.60% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 100,417 shares of the stock traded hands, up from an average trading volume of 71,038

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Chesapeake Utilities Corporation (NYSE:CPK)

Chesapeake Utilities Corporation has a 52 week low of $49.50 and a 52 week high of $67.88 with a P/E ratio of 22.20 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its price target, a total of 3 brokerages have issued a report on the stock. The consensus stock price target is $59.67 with 0 equity analysts rating the company a strong buy, zero brokerages rating the company a buy, three analysts rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Chesapeake Utilities Corporation (NYSE:CPK)

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. It provides natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service. It operates through two segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment includes its natural gas distribution, natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution, propane wholesale marketing, natural gas marketing and natural gas supply, gathering and processing services, which are unregulated as to their rates and services. Also included in the Unregulated Energy segment are other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning plumbing and electrical services.

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