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Why SCANA Stock Offers Decent Upside Potential

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Nov. 20 2020, Updated 4:59 p.m. ET

Analyst price targets

According to Wall Street analysts, SCANA Corporation (SCG) stock has an expected upside of nearly 22% in a year. It has a mean price target of $47.44 against its current market price of $39.0.

Among the ten analysts tracking SCANA as of December 26, seven rate the utility a “hold” while one recommends it as a “strong buy.” One analyst rates it as a “sell,” and another rates it as a “strong sell.”

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Peer price targets

Competitive utility stock FirstEnergy (FE) has a mean price target of $35.5 against its current market price of $30.5, which indicates a gain potential of more than 16% going forward.

According to Wall Street analysts, AES Corporation (AES) has a mean price target of $12.7, which implies an estimated upside of approximately 19% in a year.

PPL Corporation (PPL) stock has a mean price target of $37.8, which indicates a possible gain of nearly 22% going forward. It’s currently trading at $31.1.

PPL stock has been on a losing spree over the last few weeks. It has lost more than 15% in December 2017. See PPL Stock Continues to Fall: What Can Investors Expect?

You can read how utilities (XLU) fared against broader markets this year and how they’re placed ahead in 2018 in Market Realist’s series An Investor’s Guide: A Look at the 10 Largest S&P 500 Utilities.

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