Peabody Energy Corp. Given Average Recommendation of “Buy” by Brokerages (NYSE:BTU)
Peabody Energy Corp. (NYSE:BTU) has received an average recommendation of “Buy” from the nineteen brokerages that are presently covering the company, Analyst Ratings News reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $24.59.
A number of analysts have recently weighed in on BTU shares. Analysts at Jefferies Group cut their price target on shares of Peabody Energy Corp. from $28.00 to $25.00 in a research note to investors on Friday. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Peabody Energy Corp. in a research note to investors on Friday. They now have a $21.00 price target on the stock, down previously from $25.00. Finally, analysts at Clarkson Capital upgraded shares of Peabody Energy Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday.
Peabody Energy Corp. (NYSE:BTU) traded down 2.70% during mid-day trading on Monday, hitting $16.59. 7,932,748 shares of the company’s stock traded hands. Peabody Energy Corp. has a 52-week low of $14.34 and a 52-week high of $25.13. The stock’s 50-day moving average is $18.07 and its 200-day moving average is $18.11.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 27th. Shareholders of record on Thursday, February 6th will be given a dividend of 0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, February 4th.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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