Brokerage Firm Rating Update on South Jersey Industries (SJI)

South Jersey Industries (SJI) : 6 analysts are covering South Jersey Industries (SJI) and their average rating on the stock is 1.83, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. South Jersey Industries (SJI) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

South Jersey Industries (SJI) : The highest short term price target forecast on South Jersey Industries (SJI) is $35 and the lowest target price is $31. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $32.8 with a standard deviation of $1.48.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Janney Capital, downgrades their rating on the shares of South Jersey Industries (NYSE:SJI). Janney Capital has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 28, 2016.

South Jersey Industries (NYSE:SJI): The stock opened at $29.9 and touched an intraday high of $30.12 on Wednesday. During the day, the stock corrected to an intraday low of $29.58, however, the bulls stepped in and pushed the price higher to close in the green at $30.11 with a gain of 0.51% for the day. The total traded volume for the day was 291,707. The stock had closed at $29.9562 in the previous trading session.

South Jersey Industries, Inc. (SJI) is an energy services holding company. The Company provides energy-related products and services through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC, Marina Energy LLC (Marina), South Jersey Energy Service Plus, LLC and SJI Midstream, LLC. It operates in several operating segments: Gas utility operations consist of natural gas distribution; Wholesale energy operations include the activities of SJRG and SJEX; SJE is involved in retail gas and retail electric activities; Retail gas and other operations include natural gas acquisition and transportation services; Retail electric operations consist of electricity acquisition and transportation; On-site energy production consists of Marinas thermal energy facility and Appliance service operations include SJESPs servicing of appliances.

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