PPL Corporation (PPL) : Traders are bullish on PPL Corporation (PPL) as it has outperformed the S&P 500 by a wide margin of 1.89% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.79%, relative to the S&P 500. The stock has risen by 4.34% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.17% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.59% and the 50-Day Moving Average is 1.77%.The 200 Day SMA reached 1.36% PPL Corporation has dropped 9.14% during the last 3-month period . Year-to-Date the stock performance stands at 6.07%.
PPL Corporation (PPL) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $42 and the lowest price target forecast is $36. The average forecast of all the analysts is $38.75 and the expected standard deviation is $2.27.
Company shares have received an average consensus rating of Hold for the current week PPL Corporation (NYSE:PPL): The stock opened at $34.6 and touched an intraday high of $35.12 on Friday. During the day, the stock corrected to an intraday low of $34.42, however, the bulls stepped in and pushed the price higher to close in the green at $35.09 with a gain of 1.18% for the day. The total traded volume for the day was 7,192,355. The stock had closed at $34.68 in the previous trading session.
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.