Connecticut Water Service Inc (CTWS) was Initiated by Barclays to “Equal Weight” and the brokerage firm has set the Price Target at $53. Barclays advised their investors in a research report released on Sep 6, 2016.
Connecticut Water Service Inc closed down -0.67 points or -1.44% at $45.7 with 78,401 shares getting traded on Thursday. Post opening the session at $46.07, the shares hit an intraday low of $45.13 and an intraday high of $46.52 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Connecticut Water Service Inc. is a non-operating holding company. As of December 31 2014 the Company derived its income from the operations of its four subsidiaries namely The Connecticut Water Company (Connecticut Water) The Maine Water Company (Maine Water) (Connecticut Water and Maine Water together referred to as Regulated Companies) Chester Realty Inc. (Chester Realty) and New England Water Utility Services Inc. (NEWUS). The Company operates through three segments: Water Activities Real Estate Transactions and Services and Rentals. The Company’s Water Activities segment includes the operations of the Regulated Companies. The Company’s Real Estate Transactions segment involves the sale or donation for income tax benefits of its real estate holdings. The Services and Rentals segment includes the operations of its unregulated companies and certain unregulated transactions within Maine Water.