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Public Service Enterprise (PEG) Received its Third Buy in a Row

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After J.P. Morgan and UBS gave Public Service Enterprise (NYSE: PEG) a Buy rating last month, the company received another Buy, this time from Evercore ISI. Analyst Durgesh Chopra maintained a Buy rating on Public Service Enterprise yesterday and set a price target of $71.00. The company’s shares closed last Friday at $64.87.

According to TipRanks.com, Chopra is a 3-star analyst with an average return of 6.4% and a 73.0% success rate. Chopra covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Pinnacle West Capital.

Currently, the analyst consensus on Public Service Enterprise is a Moderate Buy with an average price target of $73.20, which is a 16.1% upside from current levels. In a report released yesterday, Wolfe Research also maintained a Buy rating on the stock with a $70.00 price target.

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The company has a one-year high of $68.06 and a one-year low of $53.77. Currently, Public Service Enterprise has an average volume of 1.92M.

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Public Service Enterprise Group Incorporated is a diversified energy company. The company engages in the generation, transmission, and distributions of electricity and gas to residential, commercial, and industrial customers in the Northeastern and Mid-Atlantic United States.

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