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

Pacific Gas & Electric Co. (PCG) : 7 brokerage houses believe that Pacific Gas & Electric Co. (PCG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 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 10 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.45.

Pacific Gas & Electric Co. (PCG) : The consensus price target for Pacific Gas & Electric Co. (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.

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 $64.86 and $64.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $65.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $65.39, notching a gain of 0.77% for the day. The total traded volume was 5,048,899 . The stock had closed at $64.89 on the previous day.

Also, Deutsche Bank upgrades its rating on Pacific Gas & Electric Co. (NYSE:PCG). Analysts at the Deutsche Bank have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on April 18, 2016. The company shares have rallied 26.17% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $65.03 and the one year low was seen on Sep 2, 2015. The 50-Day Moving Average price is $61.29 and the 200 Day Moving Average price is recorded at $57.71.

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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