Analysts’ Views on PG&E Stock after Its 4Q17 Earnings
According to Wall Street analysts’ consensus, PG&E (PCG) stock offers a potential gain of more than 30% in the next 12 months. PG&E has a mean target price of $50.3—compared to its current market price of $38.6.
Among the 15 analysts covering PG&E, four recommend the stock as a “buy,” while ten recommend the stock as a “hold.” One analyst rated the stock as a “strong sell.”
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The above chart shows how analysts’ views on PG&E stock changed in the last few months. We can see analysts’ cautious approach increasing due to uncertainties.
Peers’ target prices
Edison International (EIX) stock has a mean target price of $70.5—compared to its current market price of $58.9. The target price indicates a potential upside of almost 20% in a year.
Sempra Energy (SRE), the largest utility by market capitalization in California, has a mean target price of $120.4, which implies an upside potential of more than 13% for the next 12 months. Currently, Sempra Energy is trading at $106.1.
Read Dominion Energy or Sempra Energy: Which Could Be Stronger? to learn more.
If you’re looking for utilities (XLU) (IDU) with a long dividend payment history, read These Utilities Have Raised Dividends for More than 40 Years.