Janney Montgomery Thinks Unitil Corp’s Stock is Going to Recover

By Ryan Adsit

In a report released today, Michael Gaugler from Janney Montgomery upgraded Unitil Corp (NYSE: UTL) to Buy. The company’s shares closed on Friday at $44.32, close to its 52-week low of $43.03.

According to TipRanks.com, Gaugler is a 3-star analyst with an average return of 3.2% and a 64.1% success rate. Gaugler covers the Utilities sector, focusing on stocks such as American States Water Company, Chesapeake Utilities Corp, and Consolidated Water Co Ltd.

Unitil Corp has an analyst consensus of Moderate Buy.

The company has a one-year high of $52.84 and a one-year low of $43.03. Currently, Unitil Corp has an average volume of 57.6K.

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UNITIL Corp. is a holding company, which engages in power generation and distribution. It operates through the following segments: Gas, Electric, Non-Regulated and Other. It produces and sells electricity and natural gas. The company was founded in 1984 and is headquartered in Hampton, NH.