Underwriters are the main link between the insurance company and the insurance sales agent. They are responsible for calculating the level of risk and therefore the size of the premium payments, before writing the policies.
11 analysts have issued 12 month target prices for Consolidated Edison's stock. Their forecasts range from $68.00 to $81.50. On average, they expect Consolidated Edison's share price to reach $74.32 in the next twelve months.
The company plans to sell 5.75 million shares of its common stock at an expected price range of $12 to $14. Deutsche Bank Securities, Stifel, RBC Capital Markets, Cowen and Company and Needham & Company are the underwriters for the IPO.