Public Service Enterprise Group Downgraded to Sell at Goldman Sachs Group Inc. (PEG)
Public Service Enterprise Group (NYSE:PEG) was downgraded by equities research analysts at Goldman Sachs Group Inc. from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $32.00 price target on the stock, down from their previous price target of $33.00. Goldman Sachs Group Inc.’s target price would indicate a potential downside of 5.38% from the stock’s previous close.
A number of other analysts have also recently weighed in on PEG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Public Service Enterprise Group in a research note to investors on Monday, October 14th. They now have a $37.00 price target on the stock. Finally, analysts at RBC Capital upgraded shares of Public Service Enterprise Group from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.96.
Public Service Enterprise Group (NYSE:PEG) traded up 0.96% during mid-day trading on Monday, hitting $33.82. The stock had a trading volume of 3,745,882 shares. Public Service Enterprise Group has a 52-week low of $29.05 and a 52-week high of $37.00. The stock’s 50-day moving average is $33.4 and its 200-day moving average is $33.57. The company has a market cap of $17.108 billion and a P/E ratio of 13.90.
Public Service Enterprise Group (NYSE:PEG) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.76 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.76. During the same quarter in the previous year, the company posted $0.75 earnings per share. On average, analysts predict that Public Service Enterprise Group will post $2.52 earnings per share for the current fiscal year.
Public Service Enterprise Group Incorporated (NYSE:PEG) is an energy company.
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