Following these proceedings, Jefferies initiated its UGI Corp [UGI] rating to a Buy in a research note published on November 22, 2024; the price target was $28. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Outperform”. Wells Fargo also remained covering UGI and has decreased its forecast on March 14, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Wells Fargo revised its rating on August 28, 2023. It rated UGI as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of UGI
On Monday, UGI Corp [NYSE:UGI] saw its stock jump 1.58% to $30.80. Over the last five days, the stock has gained 2.36%. UGI Corp shares have risen nearly 9.10% since the year began. Nevertheless, the stocks have risen 36.22% over the past one year. While a 52-week high of $30.66 was reached on 01/27/25, a 52-week low of $22.01 was recorded on 01/08/25. SMA at 50 days reached $28.02, while 200 days put it at $25.13.
Levels Of Support And Resistance For UGI Stock
The 24-hour chart illustrates a support level at 30.46, which if violated will result in even more drops to 30.11. On the upside, there is a resistance level at 30.98. A further resistance level may holdings at 31.16. The Relative Strength Index (RSI) on the 14-day chart is 69.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.67%. Stochastics %K at 94.19% indicates the stock is a selling.
How much short interest is there in UGI Corp?
A steep rise in short interest was recorded in UGI Corp stocks on 2024-10-31, growing by 0.44 million shares to a total of 7.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.87 million shares. There was a rise of 5.99%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 26, 2023 when Mizuho began covering the stock and recommended ‘”a Neutral”‘ rating along with a $38 price target.
