Analysts at Barclays Capital lifted their target price on shares of Energy Transfer Equity (NYSE:ETE) from $78.00 to $79.00 in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective suggests a potential upside of 18.60% from the company’s current price.
Shares of Energy Transfer Equity (NYSE:ETE) traded up 0.76% during mid-day trading on Friday, hitting $66.61. 480,223 shares of the company’s stock traded hands. Energy Transfer Equity has a 52 week low of $41.72 and a 52 week high of $68.39. The stock’s 50-day moving average is $64.0 and its 200-day moving average is $61.21. The company has a market cap of $18.698 billion and a price-to-earnings ratio of 97.51.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Energy Transfer Equity from $61.00 to $68.00 in a research note to investors on Monday, August 12th. Separately, analysts at Deutsche Bank raised their price target on shares of Energy Transfer Equity from $70.00 to $75.00 in a research note to investors on Friday, August 9th. Finally, analysts at Zacks downgraded shares of Energy Transfer Equity from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $70.40 price target on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $62.80.
Energy Transfer Equity, L.P. (NYSE:ETE) is a limited partnership engaged in natural gas operations and retail propane.
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