Integrys Energy Group Receives “Neutral” Rating from SunTrust (TEG)
Integrys Energy Group (NYSE:TEG)‘s stock had its “neutral” rating reiterated by investment analysts at SunTrust in a note issued to investors on Monday. They currently have a $68.00 price objective on the stock, down from their previous price objective of $70.00. SunTrust’s price target suggests a potential upside of 2.81% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Integrys Energy Group in a research note on Friday, June 27th. They now have a $74.00 price target on the stock. Separately, analysts at Robert W. Baird downgraded shares of Integrys Energy Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $68.00 price target on the stock, up previously from $64.00. Finally, analysts at Edward Jones upgraded shares of Integrys Energy Group from a “sell” rating to a “hold” rating in a research note on Monday, June 23rd. Five analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $66.50.
Shares of Integrys Energy Group (NYSE:TEG) traded down 2.42% during mid-day trading on Monday, hitting $64.54. 287,321 shares of the company’s stock traded hands. Integrys Energy Group has a 1-year low of $52.08 and a 1-year high of $71.35. The stock has a 50-day moving average of $67.40 and a 200-day moving average of $59.90. The company has a market cap of $5.133 billion and a price-to-earnings ratio of 16.83.
Integrys Energy Group, Inc is a diversified energy holding company. The Company’s wholly owned subsidiaries provide products and services in both the regulated and nonregulated energy markets.
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