In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on PG&E Corp (NYSE: PCG), with a price target of $66. The company’s shares closed yesterday at $46.92.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on PG&E Corp is a Moderate Buy with an average price target of $54.43, representing a 16.0% upside. In a report issued on September 6, Argus Research also upgraded the stock to Buy with a $54 price target.
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The company has a one-year high of $69.67 and a one-year low of $37.30. Currently, PG&E Corp has an average volume of 6.16M.
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PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. The company was founded in 1995 and is headquartered in San Francisco, CA.
