Price Target Update on Pacific Gas & Electric Co. (NYSE:PCG)

Pacific Gas & Electric Co. (NYSE:PCG) : The highest level Pacific Gas & Electric Co. (NYSE:PCG) is projected to reach is $67 for the short term and the lowest estimate is at $58. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $63.79 and the possibility the share price can swing is $3.05.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Deutsche Bank upgrades the rating on Pacific Gas & Electric Co. (NYSE:PCG). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The rating by the firm was issued on April 18, 2016.

Pacific Gas & Electric Co. (NYSE:PCG): On Thursdays trading session , Opening price of the stock was $62.26 with an intraday high of $62.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $61.86. However, the stock managed to close at $62.13, a loss of 0.03% for the day. On the previous day, the stock had closed at $62.15. The total traded volume of the day was 2,179,537 shares.

The company shares have rallied 25.30% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $63.43 and the one year low was seen on Sep 2, 2015. The 50-Day Moving Average price is $60.30 and the 200 Day Moving Average price is recorded at $57.03. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Finance) of Pg&E Corp, Harvey Kent M had sold 17,920 shares worth of $1,007,821 in a transaction dated March 4, 2016. In this transaction, 17,920 shares were sold at $56.24 per share.

PG&E Corporation is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility). The Utilitys operations include electric utility operations and natural gas utility operations. It operates in northern and central California. The Utility generates electricity and provides electricity transmission and distribution services throughout its service territory in northern and central California to residential, commercial, industrial and agricultural customers. The Utility provides natural gas transportation services to customers, which include small commercial and residential customers, and to non-core customers, which include industrial, commercial, and natural gas-fired electric generation facilities that are connected to the Utilitys gas system in its service territory.

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