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Newjersey Resources Corporation (NJR) [hlAlert]

up 33.09 %

Newjersey Resources Corporation (NJR) rated Buy with price target $47 by Morgan Joseph

Posted on: Wednesday,  Nov 24, 2010  8:25 AM ET by Morgan Joseph

Morgan Joseph rated Buy Newjersey Resources Corporation (NYSE: NJR) on 11/24/2010, when the stock price was $21.33. Since
then, Newjersey Resources Corporation has gained 33.10% as of 01/04/2016's recent price of $28.39.
If you would have followed this Morgan Joseph's recommendation on NJR, you would have gained 33.09% of your investment in 1867 days.

NJ RESOURCES is an exempt energy svcs holding company providing retail & wholesale natural gas & related energy services to customers from the Gulf Coast to New England. Subsidiaries include: (1) N J Natural Gas Co, a natural gas distribution company that provides regulated energy & appliance services to residential, commercial & industrial customers in central & northern N J. (2) NJR Energy Holdings Corp formerly NJR Energy Svcs Corp & (3) NJR Development Corp, a sub-holding company of NJR, which includes the Company's remaining unregulated operating subsidiaries.

Morgan Joseph is committed to providing timely, objective and actionable investment advice on the companies and securities we follow. Our team of equity analysts covers a growing universe of stock issues across a broad range of industry sectors. As a middle market-focused firm, our approach is not to publish research on as many companies as possible within a number of industry sectors. Rather, our research analysts distinguish themselves by zeroing in on quality companies with growth prospects or which present special situations. These companies often lack a research following. This enables our analysts to provide insight to investors in companies that are not well understood nor fairly valued.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/24/2010 8:25 AM Buy
21.33 23.50
as of 12/31/2010
1 Week down  -1.60 %
1 Month down  -0.57 %
3 Months up  0.46 %
1 YTD up  0.46 %

(*) Stock Price at the time of the recommendation.
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