Scana Corporation (SCG) Receives Analyst Rating

Scana Corporation (SCG) : The consensus on Scana Corporation (SCG) based on 8 analyst recommendation on the company stock is 1.91, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Scana Corporation (SCG) : Average target price received by Scana Corporation (SCG) is $72.6 with an expected standard deviation of $8.65. The most aggressive target on the stock is $84, whereas the most downbeat target is $61. 5 financial analysts are currently covering the stock.


Also, Equity analysts at the Brokerage firm UBS maintains its rating on Scana Corporation (NYSE:SCG). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at UBS raises the price target from $72 per share to $76 per share. The rating by the firm was issued on July 29, 2016.

Scana Corporation (NYSE:SCG): After opening at $70.05, the stock dipped to an intraday low of $69.85 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $71.225 and the buying power remained strong till the end. The stock closed at $70.93 for the day, a gain of 1.20% for the day session. The total traded volume was 864,707. The stocks close on the previous trading day was $70.09.

SCANA Corporation is a holding company. SCANA, through its subsidiaries, is engaged in the generation, transmission, distribution and sale of electricity in South Carolina and in the purchase, transmission and sale of natural gas in North Carolina and South Carolina. Through other wholly owned non-regulated subsidiaries, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast, and also provides fiber optic and other telecommunications services. The Company operates through the following segments: Electric Operations, Gas Distribution, Retail Gas Marketing and All Other. Electric Operations primarily generates, transmits and distributes electricity. Gas Distribution purchases and sells natural gas, primarily at retail. Retail Gas Marketing markets natural gas in Georgia. Energy Marketing markets natural gas to industrial and commercial customers and municipalities. All Other comprises the holding company and its subsidiaries.

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