Price Target Update on Dynegy (NYSE:DYN)

Dynegy (NYSE:DYN) : 6 investment research analysts covering Dynegy (NYSE:DYN) have an average price target of $23.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $19 for the short term. Analysts expect the variance to be within $4.93 of the average price.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Citigroup downgrades its ratings on Dynegy (NYSE:DYN). In the latest research report, Citigroup raises the target price from $20 per share to $21 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 10, 2016.

Dynegy (NYSE:DYN): stock turned positive on Thursday. Though the stock opened at $15.73, the bulls momentum made the stock top out at $16.43 level for the day. The stock recorded a low of $15.73 and closed the trading day at $16.38, in the green by 2.57%. The total traded volume for the day was 2,567,987. The stock had closed at $15.97 in the previous days trading.

The company shares have dropped -50.19% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $33.00 and the one year low was seen on Feb 23, 2016. The 50-Day Moving Average price is $18.54 and the 200 Day Moving Average price is recorded at $14.03. On the companys insider trading activities, Flexon Robert C, CEO of Dynegy Inc., executed a transaction worth $100,800 on March 1, 2016. A total of 10,000 shares were purchased at an average price of $10.08. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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