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RBC Capital Sticks to Its Hold Rating for Chesapeake Utilities (CPK)

RBC Capital analyst Shelby Tucker maintained a Hold rating on Chesapeake Utilities (CPKResearch Report) on July 19 and set a price target of $126.00. The company’s shares closed last Wednesday at $127.06.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 9.7% and a 69.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

Chesapeake Utilities has an analyst consensus of Hold, with a price target consensus of $138.67.

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Chesapeake Utilities’ market cap is currently $2.27B and has a P/E ratio of 26.39.

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Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity; and generation of electricity and steam. It operates through the following segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.

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