Portland General Electric Company (POR) Receives Price Target

Portland General Electric Company (POR) : Average target price received by Portland General Electric Company (POR) is $43.8 with an expected standard deviation of $2.17. The most aggressive target on the stock is $46, whereas the most downbeat target is $41. 5 financial analysts are currently covering the stock.

Portland General Electric Company (POR) : The consensus on Portland General Electric Company (POR) based on 8 analyst recommendation on the company stock is 2.75, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, In a research note released to the investors, Bank of America downgrades its rating on Portland General Electric Company (NYSE:POR).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 2, 2016.

Portland General Electric Company (NYSE:POR): The stock opened at $41.99 on Thursday but the bulls could not build on the opening and the stock topped out at $42.23 for the day. The stock traded down to $41.88 during the day, due to lack of any buying support eventually closed down at $42.03 with a loss of -0.19% for the day. The stock had closed at $42.11 on the previous day. The total traded volume was 547,321 shares.

Portland General Electric Company (PGE) is a vertically integrated electric utility company engaged in the generation, wholesale purchase, transmission, distribution and retail sale of electricity in the state of Oregon. The Company also sells electricity and natural gas in the wholesale market to utilities, brokers and power marketers. The Companys resources consist of six thermal plants, which include natural gas- and coal-fired turbines, two wind farms and seven hydroelectric plants. The Company has a resource capacity of approximately 1,389 megawatts (MW) of natural gas, 814 MW of coal, 717 MW of wind and 494 MW of hydro. The Company has contractual rights for transmission lines that deliver electricity from its generation facilities to its distribution system in its service territory and to the Western Interconnection. The Company has four natural gas-fired generating facilities: Port Westward Unit 1, Port Westward Unit 2, Beaver and Coyote Springs Unit 1 (Coyote Springs).

Comments (0)

Leave a Reply

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