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Zacks Investment Research announced MYR Group Inc (NASDAQ:MYRG), raising its target price to $34.00 today

MYR Group Inc (NASDAQ:MYRG) had its target price raised to $34.00 by Zacks Investment Research in a report released Thursday October 06, 2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

Previously on 8/12/2016, Robert W. Baird reported about MYR Group Inc (NASDAQ:MYRG) raised the target price from $27.00 to $30.00. At the time, this indicated a possible upside of 0.07%.

Yesterday MYR Group Inc (NASDAQ:MYRG) traded -1.30% lower at $30.49. The company’s 50-day moving average is $29.28 and its 200-day moving average is $25.98. The last stock close price is up 16.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 84,496 shares of the stock were exchanged, down from an average trading volume of 127,995

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MYR Group Inc (NASDAQ:MYRG)

MYR Group Inc has a one year low of $17.77 and a one year high of $30.80 with a PE ratio of 30.67 MYRG’s total market value is currently $0.

Also covering MYR Group Inc's target, a total of 6 analysts have released a report on the company. The average stock price target is $27.50 with 3 brokerages rating the stock a strong buy, 1 firm rating the stock a buy, six analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.

More About MYR Group Inc (NASDAQ:MYRG)

MYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services. The Company performs construction services in two segments: Transmission and Distribution (T&D), and Commercial and Industrial (C&I). T&D customers include investor-owned utilities, cooperatives, private developers government-funded utilities, independent power producers, independent transmission companies, industrial facility owners and other contractors. The Company provides a range of services, which include design, engineering, procurement, construction, upgrade, maintenance and repair services, with a particular focus on construction, maintenance and repair. The Company also provides C&I electrical contracting services to general contractors, commercial and industrial facility owners, local governments and developers in the western and northeastern United States.

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