Sempra Energy Receives Average Rating of “Buy” from Brokerages (NYSE:SRE)
Sempra Energy (NYSE:SRE) has earned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the company, Analyst RN reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $93.88.
A number of analysts have recently weighed in on SRE shares. Analysts at Zacks reiterated a “neutral” rating on shares of Sempra Energy in a research note to investors on Tuesday. They now have a $97.00 price target on the stock. Separately, analysts at ISI Group raised their price target on shares of Sempra Energy from $87.00 to $95.00 in a research note to investors on Tuesday, January 14th. Finally, analysts at Barclays cut their price target on shares of Sempra Energy from $101.00 to $97.00 in a research note to investors on Monday, January 6th. They now have an “overweight” rating on the stock.
Shares of Sempra Energy (NYSE:SRE) opened at 91.23 on Friday. Sempra Energy has a 1-year low of $75.24 and a 1-year high of $94.44. The stock’s 50-day moving average is $90.59 and its 200-day moving average is $88.03. The company has a market cap of $22.273 billion and a P/E ratio of 22.50.
Sempra Energy is a holding company. During the year ended December 31, 2011, Sempra Energy’s business was organized in five segments: San Diego Gas & Electric Company (NYSE:SRE), Southern California Gas Company (SoCalGas), Sempra Generation, Sempra Pipelines & Storage and Sempra LNG (liquefied natural gas).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.