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PPL (NYSE:PPL)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Friday. They currently have a $37.00 price target on the stock, down from their previous price target of $38.50. Jefferies Group’s price target indicates a potential upside of 11.65% from the company’s current price.

PPL (NYSE:PPL) opened at 33.14 on Friday. PPL has a 52 week low of $28.95 and a 52 week high of $35.56. The stock’s 50-day moving average is $34.0 and its 200-day moving average is $32.89. The company has a market cap of $20.936 billion and a price-to-earnings ratio of 20.59.

PPL (NYSE:PPL) last announced its earnings results on Thursday, July 31st. The company reported $0.53 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.49 earnings per share. PPL’s revenue was down 16.7% compared to the same quarter last year. Analysts expect that PPL will post $2.22 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Ladenburg Thalmann upgraded shares of PPL from a “neutral” rating to a “buy” rating in a research note on Thursday, June 12th. Finally, analysts at Bank of America reiterated a “buy” rating on shares of PPL in a research note on Wednesday, June 11th. They now have a $36.00 price target on the stock, down previously from $39.00. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $35.51.

PPL Corporation (NYSE:PPL) is an energy and utility holding company.

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