Analysts’ Views on PPL Corporation and Its Price Targets
PPL’s price targets
Wall Street analysts’ consensus price target for PPL (PPL) is $37.2. Its current market price is $37.15, which implies flat movement over the next year.
The following chart shows analysts’ verdict on PPL Corporation on April 4, 2017. Of the 19 analysts tracking PPL, 13 recommended a “hold” and three recommended a “strong buy.” Two analysts gave the company a “buy” recommendation, while one of the analysts recommended a “sell.”
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Wall Street analysts’ consensus price target for Southern Company (SO) is $50.76. Its current market price is $49.78, which implies a rise of 2% over the next year.
Renewables giant NextEra Energy (NEE) seems to have attractive upside potential for the next year. It has a price target of $137.47, which implies estimated upside of nearly 7% in one year.
Currently, many utilities are offering dull upsides for the next year because of analysts’ price targets. However, some S&P 500 Utilities (XLU) still offer handsome upsides from their current levels.
Read These S&P 500 Utilities Offer Big Upsides after the Rate Hike for more information.