Pacific Gas & Electric Co. (PCG) Receives Price Target

Pacific Gas & Electric Co. (PCG) : Average target price received by Pacific Gas & Electric Co. (PCG) is $69.14 with an expected standard deviation of $1.77. The most aggressive target on the stock is $71, whereas the most downbeat target is $67. 7 financial analysts are currently covering the stock.

Pacific Gas & Electric Co. (PCG) : Zacks Investment Research ranks Pacific Gas & Electric Co. (PCG) as 3, which is a Hold recommendation. 6 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 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.39, which indicates as a Strong Buy.


Also, Deutsche Bank maintains their rating on the shares of Pacific Gas & Electric Co. (NYSE:PCG). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $67 per share from $68 per share. The rating by the firm was issued on July 29, 2016.

Pacific Gas & Electric Co. (NYSE:PCG): The stock opened at $61.93 on Thursday but the bulls could not build on the opening and the stock topped out at $62.21 for the day. The stock traded down to $61.62 during the day, due to lack of any buying support eventually closed down at $61.81 with a loss of -0.21% for the day. The stock had closed at $61.94 on the previous day. The total traded volume was 2,112,229 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.