PPL Corporation (PPL) Receives Price Target

PPL Corporation (PPL) stock is expected to deviate a maximum of $1.91 from the average target price of $39.08 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $42 and the most muted being $37.

PPL Corporation (PPL) : Zacks Investment Research ranks PPL Corporation (PPL) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.78, which indicates as a Hold.


Also, Equity Analysts at the Guggenheim Securities downgrades the rating on PPL Corporation (NYSE:PPL). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 10, 2016.

PPL Corporation (NYSE:PPL): The stock opened at $34.75 on Thursday but the bulls could not build on the opening and the stock topped out at $34.84 for the day. The stock traded down to $34.38 during the day, due to lack of any buying support eventually closed down at $34.44 with a loss of -0.98% for the day. The stock had closed at $34.78 on the previous day. The total traded volume was 4,781,535 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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