MDU Resources Group – Consensus indicates 16.9% upside potential

MDU resource group with ticker code (MDU) now have 5 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 40 and 29, with the middle target price at 35.4. Given that the stock’s previous close was at 30.28, this would imply an upside potential of 16.9%. There is a 50-day moving average of 29.35 and the 200-day moving average is 31.32. The market cap of the company is $6,076 million. Company website: https://www.mdu.com

The potential market capitalization would be $7,104 million based on market consensus.

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MDU Resources Group conducts regulated energy delivery and construction materials and services businesses in the United States. The Company’s Electric segment generates, transmits and distributes electricity for residential, commercial, industrial and municipal customers in Montana, North Dakota, South Dakota and Wyoming. Its Natural Gas Distribution segment distributes natural gas to residential, commercial and industrial customers in Idaho, Minnesota, Montana, North Dakota, Oregon, South Dakota, Washington and Wyoming; and offers value-added services related to procurement. The Company’s Pipeline segment provides underground natural gas transportation and storage services through a network of regulated pipelines primarily in the Rocky Mountain and northern Great Plains regions; and cathodic protection and other energy-related services. Its Building Materials and Contracts segment extracts, processes and sells construction aggregates; produces and sells bituminous mixes; and provides ready-mixed concrete. This segment is also involved in the sale of cement, liquid asphalt, finished concrete products and other construction materials and related contract services. The Company’s Building Services segment designs, constructs and maintains electrical and communications wiring and infrastructure, fire suppression systems, and mechanical piping and services; and overhead and underground electrical distribution and transmission lines, substations, outdoor lighting, road signs and gas pipelines, and utility excavation activities. This segment also manufactures and distributes transmission line construction equipment; and builds and maintains renewable energy projects. It serves manufacturing, commercial, industrial, institutional and government customers, as well as public services. The company was founded in 1924 and is based in Bismarck, North Dakota.

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