Public Service Enterprise Group with ticker code (PEG) have now 18 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 89 and 66 calculating the average target price we see 73.67. Given that the stocks previous close was at 67.24 this would imply there is a potential upside of 9.6%. The 50 day MA is 63.65 and the 200 day MA is 65.98. The market capitalisation for the company is $33,823m. Visit the company website at: https://www.pseg.com
The potential market cap would be $37,057m based on the market concensus.
Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. The PSE&G segment transmits electricity; distributes electricity and gas to residential, commercial, and industrial customers, as well as invests in solar generation projects, and energy efficiency and related programs; and offers appliance services and repairs. As of December 31, 2021, it had electric transmission and distribution system of 25,000 circuit miles and 862,000 poles; 56 switching stations with an installed capacity of 39,353 megavolt-amperes (MVA), and 235 substations with an installed capacity of 9,285 MVA; four electric distribution headquarters and five electric sub-headquarters; and 18,000 miles of gas mains, 12 gas distribution headquarters, two sub-headquarters, and one meter shop, as well as 58 natural gas metering and regulating stations. Public Service Enterprise Group Incorporated was incorporated in 1985 and is based in Newark, New Jersey.
