Price Target Update on PPL Corporation (NYSE:PPL)

PPL Corporation (NYSE:PPL) : The highest short term price target forecast on PPL Corporation (NYSE:PPL) is $42 and the lowest target price is $34. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $39.88 with a standard deviation of $2.53.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Barclays maintains its outlook on PPL Corporation (NYSE:PPL). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $41 per share to $39 per share. The rating by the firm was issued on February 29, 2016.

PPL Corporation (NYSE:PPL): stock turned positive on Thursday. Though the stock opened at $39.47, the bulls momentum made the stock top out at $39.51 level for the day. The stock recorded a low of $39.17 and closed the trading day at $39.44, in the green by 0.33%. The total traded volume for the day was 5,231,461. The stock had closed at $39.31 in the previous days trading.

The company shares have rallied 32.62% from its 1 Year high price. On Jun 21, 2016, the shares registered one year high at $39.92 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $38.68 and the 200 Day Moving Average price is recorded at $36.40. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Spence William H, officer (Chairman, President and CEO) of Ppl Corp, had unloaded 63,445 shares at an average price of $37 in a transaction dated on February 3, 2016. The total value of the transaction was worth $2,347,465.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.