South Jersey Industries found using the ticker (SJI) now have 9 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 36 and 25, with the average target price standing at 28.78. Given that the stock’s previous close was at 23.74, this now indicates that there is upside potential of 21.2%. There is a 50 day moving average of 25.12 and the 200 moving average is now moving to 24.78. The company has a market cap of $2,626 million. Visit the company’s website at: https://www.sjindustries.com
The potential market capitalization would be $3,183 million based on market consensus.
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South Jersey Industries, through its subsidiaries, provides energy-related products and services. The company is involved in the purchase, transport and sale of natural gas. It also sells wholesale natural gas and pipeline capacity to residential, commercial and industrial customers on the interstate pipeline system, as well as transports purchased natural gas directly from producers or suppliers to customers. As of December 31, 2020, the company had approximately 146.7 miles of lines in the transmission system and 6,771 miles of lines in the distribution system; and served 404,886 residential, commercial and industrial customers in southern New Jersey. In addition, it wholesales natural gas storage, feedstock and transmission assets for energy traders, electric and gas utilities, power plants and natural gas producers in the regions of the mid-Atlantic, Appalachian and southern United States. Additionally, the Company owns and operates rooftop solar generation sites. Additionally, it holds oil, gas and mining rights in the Marcellus Shale region of Pennsylvania; acquires and markets natural gas and electricity to retail end users, as well as provides total energy management, fuel management, energy supply and cost reduction services. The company was founded in 1910 and is based in Folsom, New Jersey.