Shares of Consolidated Edison Inc (NYSE: ED) have recently surpassed the analysts’ average 12-month target price of $87.00, trading at $87.66 per share. This marks a significant moment for investors, as they now face the decision of whether to reassess the company’s future potential or consider taking profits, given the recent price upswing.
Analysts have set varying target prices for Consolidated Edison, with a low estimate of $75.00 and a high of $99.00, resulting in a standard deviation of $7.257. Currently, the Zacks analyst ratings breakdown reveals 1 strong buy, 3 holds, 1 sell, and 4 strong sell ratings, yielding an average rating of 3.7 on a scale where 1 is strong buy and 5 is strong sell.
