PG&E Stock Offers Decent Upside Potential

PG&E

Analysts’ mean price target of $48.90 for PG&E (PCG) implies a 15% upside to its current price of $42.57 over the next year. Of the 16 analysts tracking PG&E stock, eleven recommend “hold,” four recommend “buy,” and one recommends “strong sell.”

PG&E Stock Offers Decent Upside Potential

Peers’ price targets

Analysts’ mean target price for California’s biggest utility by market capitalization, Sempra Energy (SRE), is $123.78, which implies a 7% upside to its current market price of $115.61. Meanwhile, their mean target price of $69.63 for Edison International (EIX) implies a 6% upside to its current price of $65.55.

Utilities (XLU) have followed a strong uptrend over the last few weeks amid market uncertainty. Some investors have turned to utilities due to their stable stock movement and higher dividend yields. To learn more, read Market Realist’s Wall Street Analysts’ Top Five Favorite S&P 500 Utilities Stocks.