WGL Holdings Inc (WGL) : Analyst Rating Update

WGL Holdings Inc (WGL) : 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on WGL Holdings Inc (WGL). Zacks Investment Research suggests a Sell with a rank of 4. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.14.

WGL Holdings Inc (WGL) : The highest level WGL Holdings Inc (WGL) is projected to reach is $63 for the short term and the lowest estimate is at $57. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $60.67 and the possibility the share price can swing is $3.21.

WGL Holdings Inc (NYSE:WGL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.27 and $70.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $71.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $71.55, notching a gain of 0.25% for the day. The total traded volume was 280,823 . The stock had closed at $71.37 on the previous day.

The company shares have rallied 29.48% from its 1 Year high price. On Mar 30, 2016, the shares registered one year high at $74.10 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $67.16 and the 200 Day Moving Average price is recorded at $67.18.

WGL Holdings, Inc. (WGL Holdings), is a United States of America-based public utility holding. Through its wholly owned subsidiaries, it sells and delivers natural gas and provides energy-related products and services to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia. Promotes the efficient use of clean natural gas and renewable energy to improve the environment for the benefit of customers, investors, employees, and the communities it serves. The Companys business segments include Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems and Midstream Energy Services. WGL Holdings owns all of the shares of common stock of Washington Gas, Washington Gas Resources, Hampshire Gas Company (Hampshire) and Crab Run Gas Company (Crab Run). Washington Gas Resources owns four unregulated subsidiaries that include WGEServices, WGESystems, and WGL Midstream.

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