RBC Capital analyst Elvira Scotto reiterated a Hold rating on Spectra Energy Partners (NYSE: SEP) today and set a price target of $41. The company’s shares opened today at $37.80.
According to TipRanks.com, Scotto is a top 100 analyst with an average return of 24.1% and a 70.5% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners Lp, Green Plains Partners, and Buckeye Partners LP.
The word on The Street in general, suggests a Hold analyst consensus rating for Spectra Energy Partners with a $37.67 average price target, implying a -0.3% downside from current levels. In a report issued on August 2, Barclays also maintained a Hold rating on the stock with a $40 price target.
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Spectra Energy Partners’ market cap is currently $18.2B and has a P/E ratio of 39.51. The company has a Price to Book ratio of 1.57.
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Spectra Energy Partners LP engages in the transmission, storage, and gathering of natural gas. The company also transports and stores crude oil through the interstate pipeline systems. It operates through the following segments: U.S. Transmission, and Liquids.
