Short Term Price Target on Pacific Gas & Electric Co. (PCG)

Pacific Gas & Electric Co. (NYSE:PCG) : The consensus price target for Pacific Gas & Electric Co. (NYSE:PCG) is $64.21 for the short term with a standard deviation of $3.29. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $67, however, the pessimist price target for the company is $58.

Shares of PG&E Corporation rose by 3.69% in the last five trading days and 6.81% for the last 4 weeks. PG&E Corporation is up 7.67% in the last 3-month period. Year-to-Date the stock performance stands at 22.06%.

Pacific Gas & Electric Co. (NYSE:PCG) : The consensus on Pacific Gas & Electric Co. (NYSE:PCG) based on 10 analyst recommendation on the company stock is 1.45, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Pacific Gas & Electric Co. (NYSE:PCG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.88 and $62.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.92, notching a gain of 2.14% for the day. The total traded volume was 3,851,371 . The stock had closed at $62.58 on the previous day.

In an insider trading activity, Harvey Kent M, officer (SVP, Finance) of Pg&E Corp, unloaded 17,920 shares at an average price of $56.24 on March 4, 2016. The total amount of the transaction was worth $1,007,821, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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