Morgan Stanley Keeps Their Sell Rating on PG&E (PCG)

Morgan Stanley analyst David Arcaro maintained a Sell rating on PG&E (PCG – Research Report) today and set a price target of $18.50. The company’s shares closed yesterday at $17.44.

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Arcaro covers the Utilities sector, focusing on stocks such as Ameren, FirstEnergy, and NextEra Energy. According to TipRanks, Arcaro has an average return of 10.1% and a 54.62% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PG&E with a $20.65 average price target.

PCG market cap is currently $38.33B and has a P/E ratio of 15.13.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is neutral on the stock. Last month, Leo Denault, a Director at PCG bought 6,300.00 shares for a total of $100,548.00.