Morgan Stanley analyst Stephen Byrd maintained a Hold rating on PPL (PPL) today and set a price target of $32.00. The company’s shares closed last Tuesday at $28.10.
According to TipRanks.com, Byrd is a 4-star analyst with an average return of 4.8% and a 56.5% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.
PPL has an analyst consensus of Moderate Buy, with a price target consensus of $30.36, implying an 8.6% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $30.00 price target.
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The company has a one-year high of $36.83 and a one-year low of $18.12. Currently, PPL has an average volume of 4.73M.
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PPL Corp. is a utility holding company, which engages in the generation, transmission, and distribution of electricity. It operates through the following segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. The U.K. Regulated segment includes regulated electricity distribution operations of Western Power Distribution. The Kentucky Regulated segment comprises of LKE’s regulated electricity generation, transmission, and distribution operations of Louisville Gas and Electric Company and Kentucky Utilities Company; as well as regulated distribution and sale of natural gas of Louisville Gas and Electric Company. The Pennsylvania Regulated segment consists of regulated electricity transmission and distribution operations of PPL Electric Utilities Corporation. The company was founded in 1994 and is headquartered in Allentown, PA.
