There’s a lot to be optimistic about in the Utilities sector as 3 analysts just weighed in on Public Service Enterprise (PEG – Research Report), EDP Energias de Portugal (GB:0OF7 – Research Report) and National Grid (GB:NG – Research Report) with bullish sentiments.
Public Service Enterprise (PEG)
In a report issued on April 18, Jeremy Tonet from J.P. Morgan maintained a Buy rating on Public Service Enterprise, with a price target of $71.00. The company’s shares closed last Tuesday at $66.49, close to its 52-week high of $67.51.
According to TipRanks.com, Tonet is a 4-star analyst with an average return of
Public Service Enterprise has an analyst consensus of Strong Buy, with a price target consensus of $69.78, which is a 4.9% upside from current levels. In a report issued on April 4, Evercore ISI also maintained a Buy rating on the stock with a $72.00 price target.
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EDP Energias de Portugal (GB:0OF7)
RBC Capital analyst Fernando Garcia maintained a Buy rating on EDP Energias de Portugal on April 19 and set a price target of EUR5.10. The company’s shares closed yesterday at EUR3.56.
According to TipRanks.com, Garcia is ranked #860 out of 8794 analysts.
Currently, the analyst consensus on EDP Energias de Portugal is a Strong Buy with an average price target of EUR4.64, implying a 29.7% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a EUR4.30 price target.
National Grid (GB:NG)
In a report released yesterday, Mark Freshney from UBS maintained a Buy rating on National Grid, with a price target of p1210.00. The company’s shares closed last Wednesday at p1052.00.
Freshney has an average return of
According to TipRanks.com, Freshney is ranked #1086 out of 8794 analysts.
Currently, the analyst consensus on National Grid is a Strong Buy with an average price target of p1264.17, representing a 19.2% upside. In a report issued on April 18, Jefferies also maintained a Buy rating on the stock with a £13.30 price target.
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