Public Service Enterprise Group Incorporated (PEG) Receives ‘Analyst’ Rating

Public Service Enterprise Group Incorporated (PEG) : 7 analysts are covering Public Service Enterprise Group Incorporated (PEG) and their average rating on the stock is 2.86, which is read as a Hold. 1 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. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Public Service Enterprise Group Incorporated (PEG) : 6 Wall Street analysts covering Public Service Enterprise Group Incorporated (PEG) believe that the average level the stock could reach for the short term is $46.08. The maximum price target given is $50 and the minimum target for short term is around $41, hence the standard deviation is calculated at $3.38.


Also, Morgan Stanley upgrades its view on Public Service Enterprise Group Incorporated (NYSE:PEG) according to the research report released by the firm to its investors. The shares have now been rated Equal-weight by the stock experts at the ratings house. Earlier, the shares had a rating of Underweight. The rating by the firm was issued on July 13, 2016.

Public Service Enterprise Group Incorporated (NYSE:PEG): After opening at $41.44, the stock dipped to an intraday low of $41.33 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $41.97 and the buying power remained strong till the end. The stock closed at $41.95 for the day, a gain of 1.16% for the day session. The total traded volume was 2,871,713. The stocks close on the previous trading day was $41.47.

Public Service Enterprise Group Incorporated (PSEG) is an energy holding company engaged in the transmission of electricity and distribution of electricity and natural gas. Its operations are located in the Northeastern and Mid- Atlantic United States. It conducts its business through two direct wholly owned subsidiaries: PSEG Power LLC (Power) and Public Service Electric and Gas Company (PSE&G). The Companys other direct wholly owned subsidiaries are PSEG Energy Holdings L.L.C., which owns and manages a portfolio of lease investments; PSEG Long Island LLC, which operates the Long Island Power Authoritys (LIPA) transmission and distribution system under a contractual agreement, and PSEG Services Corporation, which provides certain management, administrative and general services to PSEG and its subsidiaries.

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