Published On: Wed, Oct 19th, 2016

Middlesex Water Company (NASDAQ:MSEX) Updated Broker Ratings


A number of investment brokers have recently updated their price targets on shares of Middlesex Water Company (NASDAQ:MSEX).

Most recent broker ratings

03/02/2016 – Middlesex Water Company was downgraded to “neutral” by analysts at Robert W. Baird.

05/11/2015 – Middlesex Water Company was downgraded to “hold” by analysts at Zacks.

08/06/2014 – Middlesex Water Company had its “buy” rating reiterated by analysts at Janney Montgomery Scott. They now have a USD 24 price target on the stock.

The share price of Middlesex Water Company (NASDAQ:MSEX) was up +0.30% during the last day of trading, with a day high of 33.99. 37051 shares were traded during the last session.

The stock’s 50 day moving average is 34.38 and its 200 day moving average is 37.12. The stock’s market capitalization is 550.10M. Middlesex Water Company has a 52-week low of 24.01 and a 52-week high of 44.11.

Middlesex Water Company is a water utility company. The Company has two segments: regulated and non-regulated. The regulated business includes collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. Its segment also includes regulated wastewater systems in New Jersey and Delaware. The non-regulated business includes non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The Company owns and operates regulated water utility and wastewater systems in New Jersey, Delaware and Pennsylvania. The Company also operates water and wastewater systems under contract on behalf of municipal and private clients in New Jersey and Delaware. Its subsidiaries include Tidewater Utilities, Inc. (Tidewater) and Tidewater Environmental Services, Inc. (TESI).