South Jersey Industries (NYSE:SJI) : Zacks Investment Research ranks South Jersey Industries (NYSE:SJI) as 4, which is a Sell recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.71, which indicates as a Buy.
South Jersey Industries (NYSE:SJI) : The most positive equity analysts on South Jersey Industries (NYSE:SJI) expects the shares to touch $35, whereas, the least positive believes that the stock will trade at $30 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $31.67 with an expected fluctuation of $1.86 from the mean.
For the current week, the company shares have a recommendation consensus of Buy.
South Jersey Industries (NYSE:SJI): On Tuesdays trading session , Opening price of the stock was $30.9 with an intraday high of $30.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $30.05. However, the stock managed to close at $30.38, a loss of 2.28% for the day. On the previous day, the stock had closed at $31.09. The total traded volume of the day was 785,887 shares.
In an insider trading activity, Clark Stephen H, officer (SVP, Chief Financial Officer) of South Jersey Industries Inc, unloaded 2,000 shares at an average price of $27.8 on March 28, 2016. The total amount of the transaction was worth $55,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
South Jersey Industries, Inc. (SJI) is an energy services holding company. The Company provides energy-related products and services through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC, Marina Energy LLC (Marina), South Jersey Energy Service Plus, LLC and SJI Midstream, LLC. It operates in several operating segments: Gas utility operations consist of natural gas distribution; Wholesale energy operations include the activities of SJRG and SJEX; SJE is involved in retail gas and retail electric activities; Retail gas and other operations include natural gas acquisition and transportation services; Retail electric operations consist of electricity acquisition and transportation; On-site energy production consists of Marinas thermal energy facility and Appliance service operations include SJESPs servicing of appliances.