Public Service Enterprise Gets a Hold Rating from RBC Capital

By Carrie Williams

RBC Capital analyst Shelby Tucker reiterated a Hold rating on Public Service Enterprise (NYSE: PEG) on March 9 and set a price target of $52. The company’s shares opened today at $48.45.

According to TipRanks.com, Tucker is a 4-star analyst with an average return of 5.4% and a 68.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Chesapeake Utilities Corp, and American Electric Power.

Currently, the analyst consensus on Public Service Enterprise is Moderate Buy and the average price target is $51.67, representing a 6.6% upside.

In a report issued on March 2, Mizuho Securities also reiterated a Hold rating on the stock with a $47 price target.

Public Service Enterprise’s market cap is currently $23.91B and has a P/E ratio of 15.65. The company has a book value ratio of 1.7653.

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Public Service Enterprise Group, Inc. is a holding company, which engages in the provision of electric and gas services. It operates through the Public Service Electric & Gas Co. (PSE&G) and Power segments. The PSE&G segment engages in the transmission of electricity and distribution of electricity and natural gas.