Short Term Price Target on PPL Corporation (PPL)

PPL Corporation (NYSE:PPL) : The most positive equity analysts on PPL Corporation (NYSE:PPL) expects the shares to touch $42, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $39.63 with an expected fluctuation of $2.67 from the mean.

PPL Corporation has lost 4.28% in the last five trading days and dropped 1.35% in the last 4 weeks. PPL Corporation has dropped 0.19% during the last 3-month period . Year-to-Date the stock performance stands at 12.88%.

PPL Corporation (NYSE:PPL) : 3 brokerage houses believe that PPL Corporation (NYSE:PPL) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PPL Corporation (NYSE:PPL). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.

PPL Corporation (NYSE:PPL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.17 and $37.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.81. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.75, notching a gain of 1.89% for the day. The total traded volume was 7,844,341 . The stock had closed at $37.05 on the previous day.

PPL Corporation (PPL) is an energy and utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky; generates electricity from power plants in the northeastern, northwestern and southeastern United States, and markets wholesale or retail energy in the northeastern and northwestern parts of the United States. PPL operates in four segments: The U.K. Regulated Segment comprising PPL Global comprising WPD Ltds (WPD) regulated electricity distribution operations; Kentucky Regulated segment comprising the operations of LG&E and KU Energy LLC, which owns and operates regulated public utilities; the Pennsylvania Regulated segment comprising PPL Electric Utilities Corporations operations, and the Supply segment comprising the activities of PPL Energy Supply, LLCs subsidiaries.

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