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PG&E (PCG) Receives a Buy from RBC Capital

In a report issued on June 13, Shelby Tucker from RBC Capital maintained a Buy rating on PG&E (PCGResearch Report), with a price target of $16.00. The company’s shares closed last Wednesday at $10.28.

According to TipRanks.com, Tucker is a 5-star analyst with an average return of 8.9% and a 67.2% success rate. Tucker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and Nextera Energy Partners.

PG&E has an analyst consensus of Strong Buy, with a price target consensus of $16.69, a 65.9% upside from current levels. In a report issued on June 8, Guggenheim also reiterated a Buy rating on the stock with a $19.00 price target.

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The company has a one-year high of $13.19 and a one-year low of $8.24. Currently, PG&E has an average volume of 20.37M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock.

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Incorporated in 1905, California-based Pacific Gas & Electric Corporation provides natural gas and electricity to customers in northern and central California. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources.

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