Zacks Investment Research downgraded Public Service Enterprise Group Inc. (NYSE:PEG) to Hold in a statement released earlier today.
- Updated: October 12, 2016
Just yesterday Public Service Enterprise Group Inc. (NYSE:PEG) traded 0.44% higher at $40.84. Public Service Enterprise Group Inc.’s 50-day moving average is $42.31 and its 200-day moving average is $44.58. The last closing price is down -8.54% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,401,004 shares of PEG traded hands, down from an avg. volume of 2,739,210
Zacks Investment Research has downgraded Public Service Enterprise Group Inc. (NYSE:PEG) to Hold in a report released on 10/12/2016.
Previously on Thursday September 22, 2016, Barclays reported on Public Service Enterprise Group Inc. (NYSE:PEG) reduced the target price from $50.00 to $47.00. At the time, this indicated a possible upside of 0.08%.
Recent Performance Chart
Public Service Enterprise Group Inc. has PE ratio of 14.72 with a one year low of $36.80 and a one year high of $47.41 and has a market cap of $0.
In addition to Zacks Investment Research reporting its target price, a total of 16 firms have issued a report on the stock. The consensus target price is $46.09 with 3 brokers rating the stock a strong buy, 1 broker rating the stock a buy, 12 brokers rating the stock a hold, one equity analyst rating the company a underperform, and lastly one equity analyst rating the company a sell.
Brief Synopsis About Public Service Enterprise Group Inc. (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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