PG&E Co. Given New $50.50 Price Target at Jefferies Group (PCG)
Analysts at Jefferies Group upped their target price on shares of PG&E Co. (NYSE:PCG) from $47.00 to $50.50 in a research report issued to clients and investors on Monday, AR Network reports. Jefferies Group’s price target would suggest a potential upside of 12.55% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital downgraded shares of PG&E Co. to a “hold” rating in a research note on Monday, March 31st. Separately, analysts at Barclays raised their price target on shares of PG&E Co. from $44.00 to $45.00 in a research note on Monday, March 31st. Finally, analysts at Citigroup Inc. downgraded shares of PG&E Co. from a “buy” rating to a “neutral” rating in a research note on Friday, March 28th. They now have a $46.00 price target on the stock, down previously from $52.00. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. PG&E Co. currently has a consensus rating of “Hold” and an average price target of $45.63.
PG&E Co. (NYSE:PCG) traded up 0.42% on Monday, hitting $45.06. The stock had a trading volume of 243,751 shares. PG&E Co. has a 52-week low of $39.42 and a 52-week high of $48.50. The stock’s 50-day moving average is $43.97 and its 200-day moving average is $41.95. The company has a market cap of $20.622 billion and a price-to-earnings ratio of 24.52.
PG&E Co. (NYSE:PCG) last released its earnings data on Tuesday, February 11th. The company reported $0.42 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.75 by $0.33. During the same quarter last year, the company posted $0.59 earnings per share. Analysts expect that PG&E Co. will post $3.02 EPS for the current fiscal year.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.