MDU Resources Group (MDU) Receives Price Target

MDU Resources Group (MDU) : 3 Wall Street analysts covering MDU Resources Group (MDU) believe that the average level the stock could reach for the short term is $26.33. The maximum price target given is $28 and the minimum target for short term is around $25, hence the standard deviation is calculated at $1.53.

MDU Resources Group (MDU) : 5 analysts are covering MDU Resources Group (MDU) and their average rating on the stock is 1.8, 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. 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.


Also, Equity Analysts at the Brokerage Firm, Argus Research, upgrades their rating on the shares of MDU Resources Group (NYSE:MDU). Argus Research has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. As per the latest report, the brokerage house announces the price target to $26 per share. The rating by the firm was issued on May 31, 2016.

MDU Resources Group (NYSE:MDU): The stock was completely flat for the day, closing at $23.57 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $23.56, the stock touched an intraday high of $23.75 and a low of $23.38. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $23.57. The total trading volume on Thursday was 732,534.

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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