Brokerage Firm Rating Update on MDU Resources Group (MDU)

MDU Resources Group (MDU) : Zacks Investment Research ranks MDU Resources Group (MDU) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 1.8, which indicates as a Buy.

MDU Resources Group (MDU) : 3 investment research analysts covering MDU Resources Group (MDU) have an average price target of $26.33 for the near short term. The highest target price given by the Brokerage Firm to the stock is $28 and the lowest target is $25 for the short term. Analysts expect the variance to be within $1.53 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Argus Research upgrades its outlook on MDU Resources Group (NYSE:MDU). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. The brokerage firm announces the price target at $26 per share. The rating by the firm was issued on May 31, 2016.

MDU Resources Group (NYSE:MDU): The stock opened at $23.96 and touched an intraday high of $24.17 on Wednesday. During the day, the stock corrected to an intraday low of $23.82, however, the bulls stepped in and pushed the price higher to close in the green at $24.16 with a gain of 0.58% for the day. The total traded volume for the day was 805,411. The stock had closed at $24.02 in the previous trading session.

MDU Resources Group, Inc. is a natural resource company. The Companys segments include electric, natural gas distribution, pipeline and energy services, exploration and production, construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings, Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone, sand, gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines, gas pipelines, fire suppression systems, and external lighting and traffic signalization equipment.

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