Short Term Price Target on Dynegy (DYN)

Dynegy (NYSE:DYN) : The most positive equity analysts on Dynegy (NYSE:DYN) expects the shares to touch $33, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $23.33 with an expected fluctuation of $5.13 from the mean.

Shares of Dynegy Inc. appreciated by 5.25% during the last five trading days but lost 12.66% on a 4-week basis. Dynegy Inc. is up 15.55% in the last 3-month period. Year-to-Date the stock performance stands at 28.66%. Also, Citigroup downgrades its view on Dynegy (NYSE:DYN) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Citigroup raises the price target from $20 per share to $21 per share on Dynegy . The rating by the firm was issued on June 10, 2016.

Dynegy (NYSE:DYN) has an average broker rating of 1.64, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. 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 3, which is also a Hold.

Dynegy (NYSE:DYN): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.02 and $16.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.25. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.24, notching a gain of 1.23% for the day. The total traded volume was 3,101,603 . The stock had closed at $17.03 on the previous day.

In an insider trading activity, Flexon Robert C, CEO of Dynegy Inc. had purchased 10,000 shares on March 1, 2016 in a transaction. The price per share was $10.08 and the total amount of the disclosed transaction was $100,800.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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