Deutsche Bank Increases Peabody Energy Price Target to $23.00 (BTU)
Stock analysts at Deutsche Bank increased their price objective on shares of Peabody Energy (NYSE:BTU) from $22.00 to $23.00 in a report issued on Monday, StockRatingsNetwork.com reports. Deutsche Bank’s target price indicates a potential upside of 37.64% from the company’s current price.
Shares of Peabody Energy (NYSE:BTU) traded up 2.39% during mid-day trading on Monday, hitting $17.11. 2,019,009 shares of the company’s stock traded hands. Peabody Energy has a one year low of $14.34 and a one year high of $21.85. The stock has a 50-day moving average of $16.57 and a 200-day moving average of $17.78. The company’s market cap is $4.642 billion.
A number of other analysts have also recently weighed in on BTU. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Peabody Energy in a research note on Thursday, April 10th. They now have a $23.00 price target on the stock, down previously from $24.00. Separately, analysts at Cowen and Company upgraded shares of Peabody Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, April 4th. They now have a $20.00 price target on the stock, up previously from $19.00. Finally, analysts at Cowen and Company upgraded shares of Peabody Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $22.13.
Peabody Energy Corporation (NYSE:BTU) is a private-sector coal company.
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