PPL Rating Reiterated by Barclays (PPL)
PPL (NYSE:PPL)‘s stock had its “overweight” rating reiterated by equities researchers at Barclays in a research report issued on Friday. They currently have a $40.00 price objective on the stock, up from their previous price objective of $38.00. Barclays’ price target would indicate a potential upside of 21.25% from the company’s current price.
PPL has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of PPL in a research note on Friday. They now have a $37.00 price target on the stock, down previously from $38.50. Separately, analysts at Macquarie cut their price target on shares of PPL from $35.50 to $35.00 in a research note on Monday, July 21st. Finally, analysts at Ladenburg Thalmann upgraded shares of PPL from a “neutral” rating to a “buy” rating in a research note on Thursday, June 12th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $35.51.
PPL (NYSE:PPL) traded up 0.91% during mid-day trading on Friday, hitting $33.29. The stock had a trading volume of 2,038,559 shares. PPL has a 1-year low of $28.95 and a 1-year high of $35.56. The stock’s 50-day moving average is $34.07 and its 200-day moving average is $32.87. The company has a market cap of $21.031 billion and a price-to-earnings ratio of 20.59.
PPL (NYSE:PPL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.09. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was down 16.7% on a year-over-year basis. Analysts expect that PPL will post $2.22 EPS for the current fiscal year.
PPL Corporation (NYSE:PPL) is an energy and utility holding company.
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