California Water Service Group found using ticker (CWT) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 61 and 58 with the average target price sitting at 59.67. With the stocks previous close at 54.67 this would imply there is a potential upside of 9.1%. The 50 day moving average now sits at 60.16 and the 200 day moving average is 58.73. The market cap for the company is $3,060m. Find out more information at: https://www.calwatergroup.com
The potential market cap would be $3,340m based on the market concensus.
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. It offers its services to approximately 496,400 customer connections in 100 California communities; approximately 6,200 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 37,500 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 10,700 water and wastewater customer connections in the Belen, Los Lunas, Indian Hills, and Elephant Butte areas in New Mexico. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties to telecommunication companies; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.
