Analyst Rating Update on Great Plains Energy Inc (GXP)

Great Plains Energy Inc (NYSE:GXP) : 6 analysts are covering Great Plains Energy Inc (NYSE:GXP) and their average rating on the stock is 3.33, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold 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 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Great Plains Energy Inc (NYSE:GXP) : The highest level Great Plains Energy Inc (NYSE:GXP) is projected to reach is $31 for the short term and the lowest estimate is at $27. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $29.4 and the possibility the share price can swing is $1.82.

Company shares have received an average consensus rating of Hold for the current week Also, Barclays downgrades its rating on Great Plains Energy Inc (NYSE:GXP). The global brokerage major maintains a current price target of $28 per share. Analysts at the Barclays have a current rating of Underweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on June 2, 2016.

Great Plains Energy Inc (NYSE:GXP): stock turned positive on Tuesday. Though the stock opened at $29.53, the bulls momentum made the stock top out at $29.78 level for the day. The stock recorded a low of $29.15 and closed the trading day at $29.74, in the green by 1.23%. The total traded volume for the day was 1,781,025. The stock had closed at $29.38 in the previous days trading.

In an insider trading activity, Deggendorf Michael, officer (SVP) of Great Plains Energy Inc, unloaded 9,000 shares at an average price of $30.91 on March 11, 2016. The total amount of the transaction was worth $278,190, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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