Brokerage Firm Rating Update on Public Service Enterprise Group Incorporated (PEG)

Public Service Enterprise Group Incorporated (PEG) : 1 brokerage houses believe that Public Service Enterprise Group Incorporated (PEG) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Public Service Enterprise Group Incorporated (PEG). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.86.

Public Service Enterprise Group Incorporated (PEG) : 6 Wall Street analysts covering Public Service Enterprise Group Incorporated (PEG) believe that the average level the stock could reach for the short term is $46.58. The maximum price target given is $50 and the minimum target for short term is around $42, hence the standard deviation is calculated at $3.04.

Public

Company shares have received an average consensus rating of Hold for the current week Also, Morgan Stanley upgrades its rating on Public Service Enterprise Group Incorporated (NYSE:PEG). Analysts at the Morgan Stanley have a current rating of Equal-weight on the shares. The shares were previously rated Underweight. The rating by the firm was issued on July 13, 2016.

Public Service Enterprise Group Incorporated (NYSE:PEG): stock was range-bound between the intraday low of $42.33 and the intraday high of $42.82 after having opened at $42.74 on Wednesdays session. The stock finally closed in the red at $42.74, a loss of -0.84%. The stock remained in the red for the whole trading day. The total traded volume was 3,086,325 shares. The stock failed to cross $42.82 in Wednesdays trading. The stocks closing price on Thursday was $42.74.

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company engaged in the transmission of electricity and distribution of electricity and natural gas. Its operations are located in the Northeastern and Mid- Atlantic United States. It conducts its business through two direct wholly owned subsidiaries: PSEG Power LLC (Power) and Public Service Electric and Gas Company (PSE&G). The Companys other direct wholly owned subsidiaries are PSEG Energy Holdings L.L.C., which owns and manages a portfolio of lease investments; PSEG Long Island LLC, which operates the Long Island Power Authoritys (LIPA) transmission and distribution system under a contractual agreement, and PSEG Services Corporation, which provides certain management, administrative and general services to PSEG and its subsidiaries.

Comments (0)

Leave a Reply

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