Price Target Update on Public Service Enterprise Group Incorporated (NYSE:PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) : Average target price received by Public Service Enterprise Group Incorporated (NYSE:PEG) is $44.5 with an expected standard deviation of $3.43. The most aggressive target on the stock is $49, whereas the most downbeat target is $40. 7 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Public Service Enterprise Group Incorporated (NYSE:PEG). Bank of America has a Underperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 7, 2016.

Public Service Enterprise Group Incorporated (NYSE:PEG): stock turned positive on Thursday. Though the stock opened at $44.1, the bulls momentum made the stock top out at $44.31 level for the day. The stock recorded a low of $43.82 and closed the trading day at $44.3, in the green by 0.48%. The total traded volume for the day was 2,961,032. The stock had closed at $44.09 in the previous days trading.

The company shares have rallied 12.65% from its 1 Year high price. On Apr 1, 2016, the shares registered one year high at $47.41 and the one year low was seen on Dec 14, 2015. The 50-Day Moving Average price is $45.01 and the 200 Day Moving Average price is recorded at $43.15. On the companys insider trading activities, The officer (President & COO – PSE&G), of Public Service Enterprise Group Inc, Larossa Ralph A had unloaded 35,824 shares at $44.36 per share in a transaction on June 14, 2016. The total value of transaction was $1,589,153. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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.

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