SJW Group is a publicly traded company that operates in the healthcare industry. The company provides medical equipment and supplies to hospitals, clinics, and other healthcare facilities. On August 12, 2021, SJW Group announced that its consensus price target from analysts was $66.00.
A consensus price target is an average of the price targets set by multiple analysts covering a particular stock. Analysts use various factors such as financial performance, growth prospects, and industry trends to determine their price targets. In this case, the consensus price target for SJW Group was determined based on the collective analysis of several analysts who cover the company.
It's worth noting that the consensus price target is not a guarantee of future stock performance. The actual stock price can fluctuate based on various factors such as market conditions, news events, and company-specific developments. However, the consensus price target can provide investors with an idea of what analysts believe the fair value of the stock is.
In summary, SJW Group received a consensus price target of $66.00 from analysts on August 12, 2021. This was based on the collective analysis of multiple analysts who cover the company and takes into account various factors such as financial performance, growth prospects, and industry trends.
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