PPL Corporation (PPL): Price Target and June Short Interest Disclosure

PPL Corporation (PPL) : The highest level PPL Corporation (PPL) is projected to reach is $42 for the short term and the lowest estimate is at $34. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $39.57 and the possibility the share price can swing is $2.88.

The short interest in PPL Corporation (PPL) has declined from 11,123,205 on June 15,2016 to 7,640,733 on June 30,2016. The change was measured at 3,482,472 shares or 31.3%. The leftover shorts were 1.1% of the floated shares. The days to cover are 1, given the average daily volume of 7,606,041 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In the latest statement by the brokerage house, Barclays downgrades its outlook on PPL Corporation (NYSE:PPL). The current rating of the shares is Equal-weight, according to the research report released by the firm. Previously, the company had a rating of Overweight. The brokerage firm lowers the price target from $41 per share to $42 per share. The rating by the firm was issued on June 27, 2016.


PPL Corporation (NYSE:PPL): On Thursdays trading session , Opening price of the stock was $37.26 with an intraday high of $37.38. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.06. However, the stock managed to close at $37.09, a loss of 1.15% for the day. On the previous day, the stock had closed at $37.52. The total traded volume of the day was 6,094,312 shares.

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.