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SP AusNet (ASX:SPN)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Sunday. They currently have a $1.40 price objective on the stock.

Shares of SP AusNet (ASX:SPN) traded down 0.74% on Friday, hitting A$1.350. 9,101,302 shares of the company’s stock traded hands. SP AusNet has a 52 week low of A$1.105 and a 52 week high of A$1.405. The stock has a 50-day moving average of A$1.34 and a 200-day moving average of A$1.26.

SP AusNet is engaged in diversified energy infrastructure business. The principal activities of SP AusNet are Electricity distribution, which delivers electricity to approximately 658,000consumer connection points over 80,000 square kilometers in eastern Victoria including Melbourne’s outer eastern suburbs; Gas distribution, which delivers natural gas to approximately 620,000 consumer connection points over 60,000 square kilometers in central and western Victoria including some of Melbourne’s western suburbs; Electricity transmission, which is engaged in the transmission of electricity within the state of Victoria, and Select Solutions, which is engaged in the provision of specialist utility related metering, monitoring and asset management services.

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