Barclays Believes Nisource (NI) Still Has Room to Grow

Barclays analyst Eric Beaumont maintained a Buy rating on Nisource (NIResearch Report) on March 7 and set a price target of $32.00. The company’s shares closed last Tuesday at $29.61, close to its 52-week high of $30.54.

According to TipRanks.com, Beaumont is a 1-star analyst with an average return of -1.2% and a 61.1% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American States Water, and Pinnacle West Capital.

Nisource has an analyst consensus of Moderate Buy, with a price target consensus of $30.71, which is a 1.6% upside from current levels. In a report issued on February 24, BMO Capital also maintained a Buy rating on the stock with a $30.00 price target.

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The company has a one-year high of $30.54 and a one-year low of $21.79. Currently, Nisource has an average volume of 5.18M.

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NiSource, Inc. is a holding company, which engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment focuses in the natural gas service and transportation for residential, commercial, and industrial customers. The Electric Operations segment generates, transmits, and distributes electricity. The company was founded in 1987 and is headquartered in Merrillville, IN.

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