PPL (NYSE:PPL) Price Target Increased to $30.00 by Analysts at Morgan Stanley

PPL (NYSE:PPLGet Free Report) had its price target boosted by analysts at Morgan Stanley from $28.00 to $30.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective would indicate a potential upside of 14.72% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating on shares of PPL in a report on Monday, October 2nd. Barclays reduced their price target on shares of PPL from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 24th. UBS Group downgraded shares of PPL from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $29.00 to $25.00 in a report on Wednesday, October 4th. Citigroup began coverage on PPL in a report on Thursday, October 5th. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, TheStreet lowered PPL from a “b-” rating to a “c” rating in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.13.

Get Our Latest Stock Report on PPL

PPL Price Performance

Shares of NYSE PPL traded down $0.02 during mid-day trading on Tuesday, reaching $26.15. The company’s stock had a trading volume of 1,121,567 shares, compared to its average volume of 5,432,695. The stock has a fifty day moving average of $24.61 and a two-hundred day moving average of $25.83. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.96 and a quick ratio of 0.79. PPL has a 52 week low of $22.20 and a 52 week high of $31.74. The firm has a market capitalization of $19.28 billion, a PE ratio of 23.55, a P/E/G ratio of 2.22 and a beta of 0.83.

Institutional Trading of PPL

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. purchased a new stake in PPL in the 4th quarter valued at about $25,000. West Tower Group LLC bought a new stake in PPL during the second quarter valued at about $26,000. Altshuler Shaham Ltd purchased a new stake in shares of PPL during the third quarter valued at about $26,000. Worth Asset Management LLC bought a new stake in shares of PPL in the 1st quarter valued at about $27,000. Finally, Compass Wealth Management LLC purchased a new position in shares of PPL in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 73.09% of the company’s stock.

PPL Company Profile

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PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.5 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.

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Analyst Recommendations for PPL (NYSE:PPL)

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