Consolidated Edison – Consensus Indicates Potential 9.2% Upside

Broker Ratings

Consolidated Edison found using ticker (ED) have now 16 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 86 and 73 calculating the mean target price we have 80.13. With the stocks previous close at 73.35 this now indicates there is a potential upside of 9.2%. The day 50 moving average is 78.4 and the 200 day MA is 75.86. The market capitalisation for the company is $24,502m. Company Website: http://www.conedison.com

Consolidated Edison, through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,589 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. The company operates 543 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 89,395 in-service line transformers; 3,745 pole miles of overhead distribution lines; and 2,200 miles of underground distribution lines, as well as 4,318 miles of mains and 376,306 service lines for natural gas distribution. In addition, it owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison was founded in 1884 and is based in New York, New York.

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