Middlesex Water Downgraded to “Neutral” at Zacks (MSEX)
Middlesex Water (NASDAQ:MSEX) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday, American Banking & Market News reports. They currently have a $23.20 price objective on the stock. Zacks‘ price target indicates a potential upside of 10.79% from the company’s current price.
Shares of Middlesex Water (NASDAQ:MSEX) traded down 1.62% on Thursday, hitting $20.60. 24,250 shares of the company’s stock traded hands. Middlesex Water has a 52-week low of $18.58 and a 52-week high of $22.46. The stock has a 50-day moving average of $21.18 and a 200-day moving average of $20.93. The company has a market cap of $327.9 million and a price-to-earnings ratio of 20.86.
Middlesex Water Company (NASDAQ:MSEX) is a water utility company.
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