In a report released yesterday, Shelby Tucker from RBC Capital maintained a Buy rating on PG&E (PCG – Research Report), with a price target of $21.00. The company’s shares closed yesterday at $16.45.
According to TipRanks, Tucker is a 5-star analyst with an average return of 8.9% and a 61.17% success rate. Tucker covers the Utilities sector, focusing on stocks such as Southern Co, American Electric Power, and American Water.
PG&E has an analyst consensus of Strong Buy, with a price target consensus of $19.38, a 17.81% upside from current levels. In a report released on August 29, Mizuho Securities also assigned a Buy rating to the stock with a $19.00 price target.
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The company has a one-year high of $18.19 and a one-year low of $12.13. Currently, PG&E has an average volume of 15.88M.
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Incorporated in 1905, California-based Pacific Gas & Electric Corporation provides natural gas and electricity to customers in northern and central California. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.
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