Laclede Group Reaches New 52-Week High (LG)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Friday as it is currently trading at $42.89, above its previous 52-week high of $42.81 with 7,441 shares traded as of 10:03 a.m. ET. Average volume has been 107,200 shares over the past 30 days.
Laclede Group has a market cap of $912.4 million and is part of the
sector and
industry. Shares are up 5.3% year to date as of the close of trading on Thursday.
The Laclede Group, Inc., through its subsidiaries, engages in the retail distribution, sale, and marketing of natural gas. The company serves approximately 625,000 residential, commercial, and industrial customers in the city of St. Louis and surrounding counties in eastern Missouri. The company has a P/E ratio of 14.5, above the average utilities industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Laclede Group as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
.
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