South Jersey Industries (SJI) Receives a Hold from Morgan Stanley


Morgan Stanley analyst Stephen Byrd maintained a Hold rating on South Jersey Industries (NYSE: SJI) today and set a price target of $35. The company’s shares closed yesterday at $35.50, close to its 52-week high of $36.01.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on South Jersey Industries is a Moderate Buy with an average price target of $36.50.

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The company has a one-year high of $36.01 and a one-year low of $25.96. Currently, South Jersey Industries has an average volume of 552.2K.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SJI in relation to earlier this year.

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.

South Jersey Industries, Inc. is a holding company, which engages in delivering energy solutions to its consumers through its primary subsidiaries. It operates through the following segments: Gas Utility Operations, Wholesale Energy Operations, South Jersey Energy (SJE), On-Site Energy Production, Appliance Service Operations, and Midstream.

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