Wolfe Research Thinks PG&E Corp’s Stock is Going to Recover

By Austin Angelo

PG&E Corp (PCGResearch Report) received a Buy rating from Wolfe Research analyst Steve Fleishman today. The company’s shares opened today at $10.61, close to its 52-week low of $5.07.

According to TipRanks.com, Fleishman is a 3-star analyst with an average return of 3.4% and a 59.1% success rate. Fleishman covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and Alliant Energy Corp.

Currently, the analyst consensus on PG&E Corp is a Hold with an average price target of $12.06, a 13.7% upside from current levels. In a report issued on January 14, Merrill Lynch also maintained a Buy rating on the stock.

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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 27.43M.

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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.