Analyst price target
According to Wall Street analyst consensus, PPL (PPL) has a mean price target of $39.71 against its current market price of $35.91, which shows a gain potential of approximately 11% going forward.
Among the total 15 analysts covering PPL, 12 recommend it as a “hold” while one analyst rates it as a “buy.” Two analysts recommend it as a “strong buy.” Note that none of the analysts recommend PPL as a “sell” as of November 20.
Peer price targets
Peer Xcel Energy (XEL) has a mean price target of $49.68 against its current market price of $50.59, which implies a flat to negative movement in XEL stock going forward. SunTrust Robinson raised its price target from $46.00 to $47.00 last week.
The California-based Sempra Energy (SRE) has an upside potential of 5% from its current market price of $118.80. It has a mean price target of $124.66.
Consolidated Edison (ED) has a mean price target of $80.45, which implies a downside potential of nearly 7%. It’s currently trading at $86.00.
Very few utility stocks are currently offering attractive upside potential. See These S&P 500 Utilities Stocks Offer a Decent Potential Gain.
The utilities (XLU) sector outperforms broader markets in terms of dividends. You can compare dividend profiles of the top utilities that outshine peers in Market Realist’s series The Top Utilities by Dividend: NEE, DUK, SO, and D.