Great Plains Energy Inc (GXP) Receives Price Target

Great Plains Energy Inc (GXP) : The highest level Great Plains Energy Inc (GXP) is projected to reach is $31 for the short term and the lowest estimate is at $29. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $30.25 and the possibility the share price can swing is $0.96.

Great Plains Energy Inc (GXP) : 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Great Plains Energy Inc (GXP). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.29.


Also, JP Morgan maintains its view on Great Plains Energy Inc (NYSE:GXP) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. JP Morgan raises the price target from $31 per share to $32 per share on Great Plains Energy Inc. The rating by the firm was issued on July 15, 2016.

Great Plains Energy Inc (NYSE:GXP): The stock opened at $27.14 on Thursday but the bulls could not build on the opening and the stock topped out at $27.24 for the day. The stock traded down to $26.87 during the day, due to lack of any buying support eventually closed down at $26.98 with a loss of -0.66% for the day. The stock had closed at $27.16 on the previous day. The total traded volume was 1,200,552 shares.

Great Plains Energy Incorporated (Great Plains Energy) is a public utility holding company. The Company does not own or operate any assets other than the stock of its subsidiaries. The Companys wholly owned direct subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas. KCP&L has one active wholly owned subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO has two active wholly owned subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant).

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