In a report released today, Paul Fremont from Mizuho Securities reiterated a Buy rating on Portland GE (POR), with a price target of $50. The company’s shares opened today at $48.85, close to its 52-week high of $50.40.
According to TipRanks.com, Fremont is a 4-star analyst with an average return of 5.3% and a 69.8% success rate. Fremont covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Edison International.
The word on The Street in general, suggests a Hold analyst consensus rating for Portland GE with a $45.25 average price target.
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Portland GE’s market cap is currently $4.34B and has a P/E ratio of 21.18. The company has a Price to Book ratio of 1.75.
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Portland General Electric Co. is a vertically integrated electric utility company, which engages in the generation, purchase, transmission, distribution, and retail of electricity. The fim sells electricity and natural gas in the wholesale market to utilities, brokers, and power marketers. It also serves residential, commercial, and non-residential customers.
