Brokerage Firm Rating Update on PPL Corporation (PPL)

PPL Corporation (PPL) : 1 brokerage houses believe that PPL Corporation (PPL) is a Strong Buy at current levels. 8 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 2.78.

PPL Corporation (PPL) : 6 investment research analysts covering PPL Corporation (PPL) have an average price target of $39.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $42 and the lowest target is $37 for the short term. Analysts expect the variance to be within $1.91 of the average price.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Guggenheim Securities downgrades its rating on PPL Corporation (NYSE:PPL).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 10, 2016.

PPL Corporation (NYSE:PPL): stock was range-bound between the intraday low of $34.5499 and the intraday high of $34.95 after having opened at $34.93 on Wednesdays session. The stock finally closed in the red at $34.93, a loss of -0.63%. The stock remained in the red for the whole trading day. The total traded volume was 3,798,266 shares. The stock failed to cross $34.95 in Wednesdays trading. The stocks closing price on Thursday was $34.93.

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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