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

Pacific Gas & Electric Co. (PCG) : 6 brokerage houses believe that Pacific Gas & Electric Co. (PCG) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pacific Gas & Electric Co. (PCG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.39.

Pacific Gas & Electric Co. (PCG) : The most positive equity analysts on Pacific Gas & Electric Co. (PCG) expects the shares to touch $71, whereas, the least positive believes that the stock will trade at $67 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $69.14 with an expected fluctuation of $1.77 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Jefferies maintains its rating on Pacific Gas & Electric Co. (NYSE:PCG).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Jefferies lowers the new price target from $71.5 per share to $70 per share. The rating by the firm was issued on August 29, 2016.

Pacific Gas & Electric Co. (NYSE:PCG): stock was range-bound between the intraday low of $62.47 and the intraday high of $63.03 after having opened at $62.81 on Wednesdays session. The stock finally closed in the red at $62.81, a loss of -0.14%. The stock remained in the red for the whole trading day. The total traded volume was 1,914,943 shares. The stock failed to cross $63.03 in Wednesdays trading. The stocks closing price on Thursday was $62.99.

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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