Citigroup Believes NRG Energy (NRG) Still Has Room to Grow
In a report released today, Praful Mehta from Citigroup maintained a Buy rating on NRG Energy (NRG), with a price target of $49. The company’s shares opened today at $42.23, close to its 52-week high of $43.66.
According to TipRanks.com, Mehta is a 4-star analyst with an average return of 12.2% and a 76.5% success rate. Mehta covers the Utilities sector, focusing on stocks such as Edison International, Vistra Energy Corp, and Southern Co.
Currently, the analyst consensus on NRG Energy is a Moderate Buy with an average price target of $50.50.
See today’s analyst top recommended stocks >>
The company has a one-year high of $43.66 and a one-year low of $29.85. Currently, NRG Energy has an average volume of 3.45M.
Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
NRG Energy, Inc. engages in the production, sale, and distribution of energy and energy services. Its wholesale operations include plant operations, commercial operations, EPC, energy services and other critical related functions. It operates through the following segments: Generation, Retail, and Corporate.