South Jersey Industries (NYSE:SJI) had its price objective dropped by investment analysts at Morgan Stanley from $35.00 to $30.00 in a report issued on Tuesday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 13.68% from the company’s previous close.
SJI has been the subject of a number of other reports. Sidoti cut shares of South Jersey Industries from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a research note on Monday, January 8th. Zacks Investment Research cut shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Guggenheim reaffirmed a “hold” rating and set a $32.00 target price on shares of South Jersey Industries in a research report on Wednesday, January 3rd. TheStreet lowered shares of South Jersey Industries from a “b-” rating to a “c+” rating in a research report on Wednesday, January 10th. Finally, Williams Capital raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $37.00 in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $34.00.
Shares of South Jersey Industries (NYSE:SJI) opened at $26.39 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.47 and a quick ratio of 0.38. South Jersey Industries has a one year low of $26.21 and a one year high of $38.40. The firm has a market cap of $2,126.35, a price-to-earnings ratio of 23.24, a PEG ratio of 1.85 and a beta of 0.58.
About South Jersey Industries
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).
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