MDU Resources Group (MDU) : Analyst Rating Update

MDU Resources Group (MDU) has an average broker rating of 2, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 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 2, which is also a Buy.

MDU Resources Group (MDU) : The highest short term price target forecast on MDU Resources Group (MDU) is $26 and the lowest target price is $25. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $25.5 with a standard deviation of $0.71.

MDU Resources Group (NYSE:MDU): The stock opened at $24.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.67 for the day. The stock traded down to $24.17 during the day, due to lack of any buying support eventually closed down at $24.28 with a loss of -0.41% for the day. The stock had closed at $24.38 on the previous day. The total traded volume was 2,497,182 shares.

Also, Equity Analysts at the Brokerage Firm, Argus Research, upgrades their rating on the shares of MDU Resources Group (NYSE:MDU). Argus Research has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest report, the brokerage house announces the price target to $26 per share. The rating by the firm was issued on May 31, 2016. The company shares have rallied 27.71% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $24.51 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $22.90 and the 200 Day Moving Average price is recorded at $19.61.

MDU Resources Group, Inc. is a natural resource company. The Companys segments include electric, natural gas distribution, pipeline and energy services, exploration and production, construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings, Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines, gas pipelines, fire suppression systems, and external lighting and traffic signalization equipment.

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