Short Term Price Target on Public Service Enterprise Group Incorporated (PEG)

Public Service Enterprise Group Incorporated (NYSE:PEG) : 7 Wall Street analysts covering Public Service Enterprise Group Incorporated (NYSE:PEG) believe that the average level the stock could reach for the short term is $44.5. The maximum price target given is $49 and the minimum target for short term is around $40, hence the standard deviation is calculated at $3.43.

Shares of Public Service Enterprise Group Inc. rose by 5.21% in the last five trading days and 4.43% for the last 4 weeks. Public Service Enterprise Group Inc. has dropped 0.6% during the last 3-month period . Year-to-Date the stock performance stands at 22.7%.

Public Service Enterprise Group Incorporated (NYSE:PEG) has an average broker rating of 2.81, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 5 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. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Public Service Enterprise Group Incorporated (NYSE:PEG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.43 and $45.24 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.61, notching a gain of 2.91% for the day. The total traded volume was 4,815,196 . The stock had closed at $45.29 on the previous day.

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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