Public Service Enterprise Group Incorporated (PEG) Receives Price Target

Public Service Enterprise Group Incorporated (PEG) : Currently there are 6 street experts covering Public Service Enterprise Group Incorporated (PEG) stock. The most bullish and bearish price target for the stock is $50 and $42 respectively for the short term. The average price target of all the analysts comes to $46.58. The estimated standard deviation from the target is $3.04.

Public Service Enterprise Group Incorporated (PEG) : Zacks Investment Research ranks Public Service Enterprise Group Incorporated (PEG) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.86, which indicates as a Hold.

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Also, Morgan Stanley upgrades their rating on the shares of Public Service Enterprise Group Incorporated (NYSE:PEG). The current rating of the shares is Equal-weight. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on July 13, 2016.

Public Service Enterprise Group Incorporated (NYSE:PEG): The stock opened at $42.74 on Thursday but the bulls could not build on the opening and the stock topped out at $42.80 for the day. The stock traded down to $42.45 during the day, due to lack of any buying support eventually closed down at $42.59 with a loss of -0.40% for the day. The stock had closed at $42.76 on the previous day. The total traded volume was 4,042,553 shares.

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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