Lehigh Gas Partners Upgraded to “Neutral” at Zacks (LGP)
Lehigh Gas Partners (NYSE:LGP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Monday, Analyst Ratings.Net reports. The firm currently has a $27.50 price objective on the stock. Zacks‘ price target suggests a potential upside of 2.38% from the stock’s previous close.
Shares of Lehigh Gas Partners (NYSE:LGP) traded up 0.30% on Monday, hitting $26.86. The stock had a trading volume of 30,070 shares. Lehigh Gas Partners has a 52 week low of $20.20 and a 52 week high of $29.18. The stock has a 50-day moving average of $28.15 and a 200-day moving average of $27.88. The company has a market cap of $404.3 million and a price-to-earnings ratio of 26.81.
LGP has been the subject of a number of other recent research reports. Analysts at Wunderlich initiated coverage on shares of Lehigh Gas Partners in a research note on Wednesday, January 15th. They set a “buy” rating and a $32.00 price target on the stock. Separately, analysts at TheStreet reiterated a “sell” rating on shares of Lehigh Gas Partners in a research note on Monday, December 30th. Finally, analysts at TheStreet initiated coverage on shares of Lehigh Gas Partners in a research note on Wednesday, December 11th. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.83.
Lehigh Gas Partners LP is engaged in the wholesale distribution of motor fuels, consisting of gasoline and diesel fuel, and to own and lease real estate used in the retail distribution of motor fuels.
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