Barclays Capital Increases Energy Transfer Equity Price Target to $79.00 (ETE)
Equities researchers at Barclays Capital hoisted their price target on shares of Energy Transfer Equity (NYSE:ETE) from $78.00 to $79.00 in a research report issued on Friday, American Banking and Market News reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective would indicate a potential upside of 18.60% from the stock’s previous close.
Shares of Energy Transfer Equity (NYSE:ETE) traded up 0.76% during mid-day trading on Friday, hitting $66.61. The stock had a trading volume of 480,223 shares. Energy Transfer Equity has a 52-week low of $41.72 and a 52-week high of $68.39. The stock has a 50-day moving average of $64.0 and a 200-day moving average of $61.21. The company has a market cap of $18.698 billion and a P/E ratio of 97.51.
ETE has been the subject of a number of other recent research reports. Analysts at Raymond James raised their price target on shares of Energy Transfer Equity from $61.00 to $68.00 in a research note to investors on Monday, August 12th. Separately, analysts at Deutsche Bank raised their price target on shares of Energy Transfer Equity from $70.00 to $75.00 in a research note to investors on Friday, August 9th. Finally, analysts at Zacks downgraded shares of Energy Transfer Equity from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $70.40 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $62.80.
Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership engaged in natural gas operations and retail propane.
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