PPL Corp. PT Raised to $33.00 at RBC Capital (PPL)
Research analysts at RBC Capital raised their price objective on shares of PPL Corp. (NYSE:PPL) from $32.00 to $33.00 in a report released on Monday, Analyst Ratings News reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target suggests a potential upside of 10.07% from the company’s current price.
PPL Corp. (NYSE:PPL) traded down 0.50% on Monday, hitting $29.98. The stock had a trading volume of 4,009,797 shares. PPL Corp. has a 52 week low of $27.74 and a 52 week high of $33.55. The stock’s 50-day moving average is $30.48 and its 200-day moving average is $30.86. The company has a market cap of $18.938 billion and a P/E ratio of 12.09.
PPL Corp. (NYSE:PPL) last announced its earnings results on Thursday, August 1st. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.03. The company had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the company posted $0.51 earnings per share. PPL Corp.’s revenue was up 35.3% compared to the same quarter last year.
PPL has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of PPL Corp. from $33.00 to $32.50 in a research note to investors on Wednesday, October 2nd. They now have a “hold” rating on the stock. Separately, analysts at Ladenburg Thalmann cut their price target on shares of PPL Corp. from $33.00 to $32.00 in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of PPL Corp. in a research note to investors on Monday, August 5th. They now have a $34.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.35.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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