Spectra Energy Corp (SE) : Analyst Rating Update

Spectra Energy Corp (SE) has an average broker rating of 2.58, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Spectra Energy Corp (SE) : The highest level Spectra Energy Corp (SE) is projected to reach is $39 for the short term and the lowest estimate is at $30. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $32.78 and the possibility the share price can swing is $2.73.

Spectra Energy Corp (NYSE:SE): The stock opened at $36.42 on Wednesday but the bulls could not build on the opening and the stock topped out at $36.57 for the day. The stock traded down to $35.94 during the day, due to lack of any buying support eventually closed down at $36.37 with a loss of -0.08% for the day. The stock had closed at $36.40 on the previous day. The total traded volume was 7,431,687 shares.

Also, RBC Capital initiates coverage on Spectra Energy Corp (NYSE:SE). RBC Capital has a Outperform rating on the shares. The rating by the firm was issued on June 27, 2016. The company shares have rallied 17.27% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $36.88 and the one year low was seen on Dec 8, 2015. The 50-Day Moving Average price is $33.30 and the 200 Day Moving Average price is recorded at $29.80.

Spectra Energy Corp is a natural gas infrastructure company. The Company owns and operates natural gas-related energy assets and a crude oil pipeline system connecting Canadian and the United States producers to refineries in the United States Rocky Mountain and Midwest regions. It operates in three areas of the natural gas industry: gathering and processing, transmission and storage, and distribution. It conducts its business in four segments: Spectra Energy Partners, Distribution, Western Canada Transmission & Processing, and Field Services. It provides transmission and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada, the Pacific Northwest in the United States and Canada, and in the province of Ontario, Canada. It also provides natural gas sales and distribution services to retail customers in Ontario, and natural gas gathering and processing services to customers in western Canada.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *