Analyst Rating Update on PPL Corporation (PPL)

PPL Corporation (PPL) : 2 brokerage houses believe that PPL Corporation (PPL) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on PPL Corporation (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 Hold with a rating of 2.56.

PPL Corporation (PPL) : 7 Wall Street analysts covering PPL Corporation (PPL) believe that the average level the stock could reach for the short term is $39.14. The maximum price target given is $42 and the minimum target for short term is around $34, hence the standard deviation is calculated at $2.85.

Company shares have received an average consensus rating of Hold for the current week Also, Barclays maintains its rating on PPL Corporation (NYSE:PPL). The global brokerage major lowers the current price target from $43 per share to $42 per share. Analysts at the Barclays have a current rating of Equalweight on the shares. The rating by the firm was issued on July 18, 2016.


PPL Corporation (NYSE:PPL): The stock opened at $37.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.23 for the day. The stock traded down to $36.89 during the day, due to lack of any buying support eventually closed down at $37.10 with a loss of -0.16% for the day. The stock had closed at $37.16 on the previous day. The total traded volume was 3,503,830 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.

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