Eversource Energy (ES) Receives a Sell from Scotiabank


In a report issued on February 19, Andrew Weisel from Scotiabank reiterated a Sell rating on Eversource Energy (ES), with a price target of $63. The company’s shares closed yesterday at $70.27, close to its 52-week high of $70.62.

According to TipRanks.com, Weisel is a 2-star analyst with an average return of 0.3% and a 54.8% success rate. Weisel covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Alliant Energy Corp.

Currently, the analyst consensus on Eversource Energy is a Moderate Buy with an average price target of $71.80.

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Eversource Energy’s market cap is currently $22.27B and has a P/E ratio of 21.49. The company has a Price to Book ratio of 1.95.

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Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.

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