According to Wall Street analysts, SCANA Corporation (SCG) has a mean price target of $56.06 against its current market price of $49.11. This trend indicates an implied gain of more than 14% in SCG stock going forward. Morgan Stanley (MS) cut SCANA’s price target last week straight to $45 from $59. Morgan Stanley also rated SCG stock as “underweight.”
Among the ten analysts tracking SCANA on October 11, 2017, five analysts rated the stock as a “hold” while one analyst each recommended a “strong buy” and a “buy.” One analyst rated SCG as a “sell,” and two analysts rated the stock as a “strong sell.” Let’s take a look at potential upsides of some of SCANA’s peers.
Peer price targets
Peer CenterPoint Energy (CNP) has a mean price target of $28.53 against its current market price of $29.12. This implies an estimated downside of 2% in CNP stock.
Pinnacle West Capital Corporation (PNW) stock is currently trading at $85.80. Analysts gave it a mean price target of $87.75. This shows a possible gain of just 2.3% going forward.
DTE Corporation (DTE) has a mean price target of $111.18 against its current market price of $109.29. DTE has an implied gain of 1.7%.
To learn more about the price targets of the country’s top utilities (XLU), please read NEE, SO, DUK, D: Where Top SPX Utility Stocks Might Go. You can also check out Analysts’ Top 5 Favorite S&P 500 Utilities Stocks.