PG&E Co. Price Target Raised to $47.00 (PCG)
Equities research analysts at RBC Capital upped their price objective on shares of PG&E Co. (NYSE:PCG) from $46.00 to $47.00 in a research note issued to investors on Wednesday. RBC Capital’s target price would indicate a potential upside of 2.75% from the stock’s previous close.
Shares of PG&E Co. (NYSE:PCG) opened at 45.74 on Wednesday. PG&E Co. has a one year low of $39.42 and a one year high of $48.64. The stock’s 50-day moving average is $45.95 and its 200-day moving average is $44.87. The company has a market cap of $21.562 billion and a P/E ratio of 27.81.
PG&E Co. (NYSE:PCG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.74 by $0.05. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that PG&E Co. will post $3.02 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PCG. Analysts at CRT Capital reiterated a “buy” rating on shares of PG&E Co. in a research note on Friday, August 1st. They now have a $49.00 price target on the stock, down previously from $50.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PG&E Co. in a research note on Friday, August 1st. They now have a $49.00 price target on the stock, up previously from $47.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of PG&E Co. in a research note on Friday, August 1st. They now have a $50.50 price target on the stock, down previously from $53.00. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.82.
PG&E Corporation is a holding company that conducts its business through Pacific Gas and Electric Company (NYSE:PCG).
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