PG&E Corp. (PCG) stock forecast: Can it reach its 52-week high of $18.95

At the time of writing, PG&E Corp. [PCG] stock is trading at $18.44, up 1.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The PCG shares have gain 2.33% over the last week, with a monthly amount glided 7.96%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

PG&E Corp. [NYSE: PCG] stock has seen the most recent analyst activity on June 10, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $22 from $19. Previously, Goldman started tracking the stock with Buy rating on April 10, 2024, and set its price target to $21. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $19 on August 23, 2023. UBS upgraded its rating to a Buy and raised its price target to $21 on August 07, 2023. Ladenburg Thalmann started tracking with a Buy rating for this stock on April 03, 2023, and assigned it a price target of $20.50. In a note dated January 03, 2023, UBS downgraded an Neutral rating on this stock but restated the target price of $17.

For the past year, the stock price of PG&E Corp. fluctuated between $14.71 and $18.95. Currently, Wall Street analysts expect the stock to reach $19.17 within the next 12 months. PG&E Corp. [NYSE: PCG] shares were valued at $18.44 at the most recent close of the market. An investor can expect a potential return of 3.96% based on the average PCG price forecast.

Analyzing the PCG fundamentals

According to PG&E Corp. [NYSE:PCG], the company’s sales were 24.78B for trailing twelve months, which represents an 13.16% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.1 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.29.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.29 points at the first support level, and at 18.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.56, and for the 2nd resistance point, it is at 18.68.

Ratios To Look Out For

It is important to note that PG&E Corp. [NYSE:PCG] has a current ratio of 0.90. On the other hand, the Quick Ratio is 0.86, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.95, the price to book ratio is 1.50 and price to earnings (TTM) ratio is 15.65.

Transactions by insiders

Recent insider trading involved Poppe Patricia K, Chief Executive Officer, that happened on Apr 30 ’24 when 59000.0 shares were sold. Director, Campbell Cheryl F. completed a deal on Sep 12 ’23 to sell 10000.0 shares.

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