NewJersey Resources Corporation – Consensus Indicates Potential 3.7% Upside

Broker Ratings

NewJersey Resources Corporation found using ticker (NJR) now have 6 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 50 and 39 with a mean TP of 44.5. Now with the previous closing price of 42.91 this now indicates there is a potential upside of 3.7%. The day 50 moving average is 43.01 while the 200 day moving average is 39.16. The market cap for the company is $4,112m. You can visit the company’s website by visiting: http://www.njresources.com

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 558,000 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar projects located in New Jersey, Connecticut, and Rhode Island. The Energy Services segment provides unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas storage and transportation contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. The company offers heating, ventilation, and cooling services; holds commercial real estate properties; and provides solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. New Jersey Resources Corporation was incorporated in 1981 and is based in Wall, New Jersey.

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