According to Wall Street analysts’ estimates, SCANA (SCG) stock is expected to rise approximately 9.0% over the next 12 months. It has a mean price target of $39.10 compared to its current market price of $36.00.
Among the nine analysts tracking SCANA, one analyst recommends a “buy” on the stock, six analysts rate the stock as a “hold,” one analyst recommends a “sell,” and one recommends a “strong sell” as of April 20, 2018.
UBS cut SCANA’s price target from $38.00 to $32.00 early this month. Mizuho Securities also cut SCG’s target price from $46.50 to $35.50.
Peer price targets
NRG Energy (NRG), the leading merchant power player stock and one of the smallest components of the S&P 500 Utilities Index, has a mean price target of $36.50 against its current market price of $31.50. This indicates a potential upside of 16.0% for the next 12 months.
Deutsche Bank raised NRG’s price target from $40.00 to $44.00 on April 19, 2018. According to Wall Street analyst consensus, AES Corporation (AES) stock has a mean price target of $12.70, which implies an estimated upside of 8.2% in a year. It is currently trading at $11.80.
You can read about broader utilities’ (XLU) recent performance in Utilities: Leaders and Laggards in the Week Ending April 13.
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