Pattern Energy Group Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:PEGI)
Pattern Energy Group (NASDAQ:PEGI) has received an average rating of “Buy” from the eight brokerages that are presently covering the company, Analyst Ratings News reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $32.83.
Shares of Pattern Energy Group (NASDAQ:PEGI) traded down 0.39% during mid-day trading on Monday, hitting $30.55. The stock had a trading volume of 20,380 shares. Pattern Energy Group has a 52-week low of $22.26 and a 52-week high of $34.51. The stock’s 50-day moving average is $32.54 and its 200-day moving average is $29.21. The company has a market cap of $1.091 billion and a price-to-earnings ratio of 457.76.
A number of research firms have recently commented on PEGI. Analysts at Morgan Stanley raised their price target on shares of Pattern Energy Group to $35.00 in a research note on Tuesday, July 22nd. They now have an “equal weight” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Pattern Energy Group from $32.00 to $33.00 in a research note on Thursday, July 10th. Finally, analysts at Raymond James downgraded shares of Pattern Energy Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 9th.
Pattern Energy Group Inc is an independent power company focused on owning and operating power projects.
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