SCANA Hits New 52-Week High at $53.89 (SCG)
SCANA (NYSE:SCG) reached a new 52-week high during trading on Tuesday , StockRatingsNetwork.com reports. The stock traded as high as $53.89 and last traded at $53.33, with a volume of 309,795 shares trading hands. The stock had previously closed at $53.71.
A number of analysts have recently weighed in on SCG shares. Analysts at Barclays cut their price target on shares of SCANA from $55.00 to $53.00 in a research note on Thursday, June 5th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of SCANA in a research note on Monday, May 19th. They now have a $54.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of SCANA from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $50.80.
The stock’s 50-day moving average is $52.53 and its 200-day moving average is $50.64. The company has a market cap of $7.494 billion and a P/E ratio of 14.70.
SCANA Corporation is a holding company. The Company, through its wholly owned regulated subsidiaries, is primarily engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina.
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