Analyst Rating Update on Pacific Gas & Electric Co. (PCG)

Pacific Gas & Electric Co. (PCG) : Zacks Investment Research ranks Pacific Gas & Electric Co. (PCG) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.5, which indicates as a Strong Buy.

Pacific Gas & Electric Co. (PCG) : Average target price received by Pacific Gas & Electric Co. (PCG) is $69.36 with an expected standard deviation of $1.97. The most aggressive target on the stock is $72, whereas the most downbeat target is $67. 7 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Pacific Gas & Electric Co. (NYSE:PCG). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $67 per share from a prior target of $68. The rating by the firm was issued on July 29, 2016.


Pacific Gas & Electric Co. (NYSE:PCG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.34 and $64.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.55, notching a gain of 0.34% for the day. The total traded volume was 3,648,847 . The stock had closed at $64.33 on the previous day.

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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