Deutsche Bank Increases Public Service Enterprise Group Price Target to $39.50 (PEG)
Investment analysts at Deutsche Bank increased their target price on shares of Public Service Enterprise Group (NYSE:PEG) from $37.00 to $39.50 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 8.13% from the company’s current price.
A number of other firms have also recently commented on PEG. Analysts at BMO Capital Markets raised their price target on shares of Public Service Enterprise Group from $35.00 to $37.00 in a research note on Friday. Separately, analysts at Jefferies Group downgraded shares of Public Service Enterprise Group from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $38.50 price target on the stock, up previously from $36.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Public Service Enterprise Group in a research note on Tuesday, February 11th. They now have a $36.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $35.41.
Public Service Enterprise Group (NYSE:PEG) traded up 0.52% during mid-day trading on Friday, hitting $36.72. 3,770,978 shares of the company’s stock traded hands. Public Service Enterprise Group has a 52 week low of $31.03 and a 52 week high of $37.07. The stock has a 50-day moving average of $32.95 and a 200-day moving average of $33.00. The company has a market cap of $18.575 billion and a price-to-earnings ratio of 14.61.
Public Service Enterprise Group (NYSE:PEG) last released its earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. On average, analysts predict that Public Service Enterprise Group will post $2.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Wednesday, March 5th. This is an increase from Public Service Enterprise Group’s previous quarterly dividend of $0.36.
Public Service Enterprise Group Incorporated (NYSE:PEG) is an energy company.
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