Morgan Stanley Maintains a Hold Rating on PG&E Corp (PCG)

By Carrie Williams

In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on PG&E Corp (PCGResearch Report), with a price target of $13. The company’s shares opened today at $6.28, close to its 52-week low of $5.07.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -2.3% and a 54.2% success rate. Byrd covers the Utilities sector, focusing on stocks such as South Jersey Industries, Spire Inc, and Exelon.

PG&E Corp has an analyst consensus of Hold, with a price target consensus of $19.50, implying a 210.5% upside from current levels. In a report issued on January 7, UBS also maintained a Hold rating on the stock with a $29 price target.

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The company has a one-year high of $49.42 and a one-year low of $5.07. Currently, PG&E Corp has an average volume of 15.3M.

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PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. The company was founded in 1995 and is headquartered in San Francisco, CA.