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Zacks Investment Research disclosed South Jersey Industries Inc (NYSE:SJI), hiking its price target to $38.00 earlier today

Yesterday South Jersey Industries Inc (NYSE:SJI) traded 2.31% higher at $32.85. The company’s 50-day moving average is $29.87 and its 200-day moving average is $30.07. The last stock close price is up 11.76% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same period. Trade Volume was up over the average, with 504,480 shares of SJI changing hands over the typical 347,492

Zacks Investment Research bumped up the target of South Jersey Industries Inc (NYSE:SJI) to $38.00 stating a possible upside of 0.16%.

Previously on 11/24/2016, Williams Capital reported about South Jersey Industries Inc (NYSE:SJI) raised the target price from $33.00 to $34.00. At the time, this indicated a possible upside of 0.06%.

Recent Performance Chart

South Jersey Industries Inc (NYSE:SJI)

South Jersey Industries Inc has PE ratio of 20.14 with a one year low of $21.24 and a one year high of $33.61 and has a market capitalization of $0.

A total of 6 brokerages have issued a ratings update on South Jersey Industries Inc. Four brokerages rating the company a strong buy, one brokerage rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $30.95.

General Company Details For 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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