PPL Corporation (PPL) : Analyst Rating Update

PPL Corporation (PPL) : 3 brokerage houses believe that PPL Corporation (PPL) is a Strong Buy at current levels. 6 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 Buy with a rating of 2.33.

PPL Corporation (PPL) : The most positive equity analysts on PPL Corporation (PPL) expects the shares to touch $42, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $39.63 with an expected fluctuation of $2.67 from the mean.

PPL Corporation (NYSE:PPL): The stock opened at $37.61 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.69 for the day. The stock traded down to $36.85 during the day, due to lack of any buying support eventually closed down at $37.30 with a loss of -0.85% for the day. The stock had closed at $37.62 on the previous day. The total traded volume was 6,336,141 shares.

Also, Major Brokerage house, Barclays downgrades its ratings on PPL Corporation (NYSE:PPL). In the latest research report, Barclays lowers the target price from $41 per share to $42 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on June 27, 2016. The company shares have rallied 21.94% from its 1 Year high price. On Jun 21, 2016, the shares registered one year high at $39.92 and the one year low was seen on Sep 11, 2015. The 50-Day Moving Average price is $38.43 and the 200 Day Moving Average price is recorded at $36.69.

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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