Public Service Enterprise Group (PEG) Stock Forecast & Price Target

$81.11

+0.76 (+0.95%)

(As of 08/21/2024 ET)

Public Service Enterprise Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Public Service Enterprise Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 3 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for PEG.

Consensus Price Target

$76.08
-6.20% Downside

High Forecast	$86.00
Average Forecast	$76.08
Low Forecast	$60.00

According to the 13 analysts' twelve-month price targets for Public Service Enterprise Group, the average price target is $76.08. The highest price target for PEG is $86.00, while the lowest price target for PEG is $60.00. The average price target represents a forecasted downside of -6.20% from the current price of $81.11.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$76.08	$74.17	$68.31	$64.59
Forecasted Upside	-6.20% Downside	6.21% Upside	6.53% Upside	7.01% Upside

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PEG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PEG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Public Service Enterprise Group Stock vs. The Competition

Type	Public Service Enterprise Group	Utilities Companies	S&P 500
Consensus Rating Score	2.85	2.47	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-6.20% Downside	69.68% Upside	8.75% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/20/2024	Scotiabank 5 of 5 stars		Boost Target	Sector Perform ➝ Sector Perform	$62.00 ➝ $73.00	-9.69%
8/5/2024	LADENBURG THALM/SH SH 4 of 5 stars	P. Fremont Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
8/2/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Market Perform ➝ Market Perform	$78.00 ➝ $86.00	+9.25%
7/15/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$80.00 ➝ $84.00	+12.28%
7/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$71.00 ➝ $80.00	+4.86%
6/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$78.00 ➝ $76.00	+1.93%
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6/17/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Pourreza Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$82.00	+12.89%
6/6/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$73.00 ➝ $80.00	+6.87%
5/23/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$65.00 ➝ $80.00	+7.63%
4/4/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$67.00 ➝ $72.00	+7.75%
3/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$68.00 ➝ $70.00	+9.32%
12/1/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$68.00 ➝ $70.00	+10.83%
10/4/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$65.00 ➝ $60.00	+7.09%
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$64.00	+2.04%
11/17/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
11/4/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$63.00	+8.83%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:35 AM ET.

PEG Forecast - Frequently Asked Questions

What is Public Service Enterprise Group's forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Public Service Enterprise Group is $76.08, with a high forecast of $86.00 and a low forecast of $60.00.
Should I buy or sell Public Service Enterprise Group stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Service Enterprise Group in the last year. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PEG shares.
Does Public Service Enterprise Group's stock price have much upside?: According to analysts, Public Service Enterprise Group's stock has a predicted upside of 6.52% based on their 12-month stock forecasts.
Has Public Service Enterprise Group been upgraded by Wall Street analysts recently?: Over the previous 90 days, Public Service Enterprise Group's stock had 2 upgrades by analysts.
What analysts cover Public Service Enterprise Group?: Public Service Enterprise Group has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Guggenheim, LADENBURG THALM/SH SH, Morgan Stanley, Royal Bank of Canada, and Scotiabank in the past 90 days.
Do Wall Street analysts like Public Service Enterprise Group more than its competitors?: Analysts like Public Service Enterprise Group more than other "utilities" companies. The consensus rating for Public Service Enterprise Group is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PEG compares to other companies.