Analyst Rating Update on Great Plains Energy Inc (GXP)

Great Plains Energy Inc (GXP) : 7 analysts are covering Great Plains Energy Inc (GXP) and their average rating on the stock is 3.29, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Great Plains Energy Inc (GXP) : 5 Wall Street analysts covering Great Plains Energy Inc (GXP) believe that the average level the stock could reach for the short term is $31.6. The maximum price target given is $32 and the minimum target for short term is around $31, hence the standard deviation is calculated at $0.55.

Company shares have received an average consensus rating of Hold for the current week


Great Plains Energy Inc (NYSE:GXP): The stock opened at $29.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $29.48 for the day. The stock traded down to $28.97 during the day, due to lack of any buying support eventually closed down at $29.08 with a loss of -0.75% for the day. The stock had closed at $29.30 on the previous day. The total traded volume was 1,256,628 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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