UGI (NYSE:UGI) Price Target Lowered to $58.00 at UBS Group

Share on StockTwits

UGI (NYSE:UGI) had its target price decreased by UBS Group from $60.00 to $58.00 in a report released on Thursday, October 17th, BenzingaRatingsTable reports. UBS Group currently has a buy rating on the utilities provider’s stock.

Several other research analysts have also recently issued reports on the company. Barclays reaffirmed a sell rating and set a $50.00 target price on shares of UGI in a research report on Wednesday, October 16th. TheStreet cut UGI from a b rating to a c+ rating in a research report on Tuesday, August 6th. Finally, ValuEngine cut UGI from a buy rating to a hold rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. UGI currently has a consensus rating of Hold and a consensus price target of $56.50.

Shares of NYSE:UGI traded down $0.31 during mid-day trading on Thursday, hitting $46.54. 907,495 shares of the company traded hands, compared to its average volume of 1,363,696. The stock has a market cap of $8.25 billion, a P/E ratio of 16.99 and a beta of 0.54. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. UGI has a 12-month low of $45.94 and a 12-month high of $59.31. The stock has a 50-day moving average price of $48.64 and a two-hundred day moving average price of $50.81.

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its holdings in UGI by 214.8% during the third quarter. Signaturefd LLC now owns 573 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 391 shares during the period. Atwater Malick LLC bought a new stake in UGI during the third quarter worth $31,000. Liberty Wealth Management LLC bought a new stake in UGI during the third quarter worth $31,000. Meridian Wealth Management LLC bought a new stake in UGI during the first quarter worth $33,000. Finally, Financial Architects Inc lifted its holdings in UGI by 134.9% during the third quarter. Financial Architects Inc now owns 754 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 85.08% of the company’s stock.

UGI Company Profile

UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.

See Also: How can you know how many shares are floating?

Receive News & Ratings for UGI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UGI and related companies with MarketBeat.com's FREE daily email newsletter.