UBS Sticks to Their Hold Rating for PG&E Corp (PCG)

By Ryan Adsit

UBS analyst Daniel Ford maintained a Hold rating on PG&E Corp (PCGResearch Report) today and set a price target of $29. The company’s shares closed on Friday at $24.40.

According to TipRanks.com, Ford is a 5-star analyst with an average return of 6.5% and a 63.8% success rate. Ford covers the Utilities sector, focusing on stocks such as American States Water Company, Pinnacle West Capital Corp, and Public Service Enterprise.

Currently, the analyst consensus on PG&E Corp is a Moderate Buy with an average price target of $38.75, implying a 58.8% upside from current levels. In a report issued on January 2, Morgan Stanley also reiterated a Hold rating on the stock with a $31 price target.

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The company has a one-year high of $49.42 and a one-year low of $17.26. Currently, PG&E Corp has an average volume of 11.62M.

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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.