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Analysts Expect Huge Upside Potential in PPL Stock

Vineet Kulkarni - Author

Nov. 20 2020, Updated 5:20 p.m. ET

Price targets

According to Wall Street analysts’ consensus, PPL (PPL) stock offers a handsome potential upside of ~22% in a year with a mean target price of $33.5. Currently, PPL stock is trading at $27.6.

Among the 15 analysts covering PPL, two analysts recommend it as a “strong buy,” four recommend it as a “buy,” eight recommend it as a “hold,” and one recommends it as a “sell” as of March 8, 2018.

On March 6, RBC raised PPL’s rating from “sector perform” to “outperform.”

The above chart shows how Wall Street analysts’ views on PPL stock changed in the last six months.

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Peer price targets

Xcel Energy (XEL), valued at $22 billion, offers an estimated upside of 10% in a year. Wall Street analysts have given Xcel Energy a mean target price of $47.0—compared to its current market price of $42.7.

UBS Financial Services raised Xcel Energy’s target price from $44.0 to $45.0 on March 5, 2018.

Duke Energy (DUK), the second-largest utility by market capitalization, has a mean target price of $82.0—compared to its current market price of $75.3, which indicates an upside potential of 9% going forward.

If you’re looking for utility stocks (XLU) with attractive upside potential, read S&P 500 Utilities Stocks with the Highest Potential Upside

Utilities are thought to be safe due to their higher dividend yields and stable stock movements. To learn more, read These Utilities Have Raised Dividends for More than 40 Years.

To read more about US utilities, visit Market Realist’s Power Utilities page.


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