Analyst views and price targets
According to Wall Street analysts’ consensus, PPL (PPL) stock offers attractive potential upside of more than 16% in a year with a mean target price of $32.4. Currently, PPL stock is trading at $27.9.
Among the 15 analysts covering PPL, two analysts recommend it as a “strong buy,” three recommend it as a “buy,” nine recommend it as a “hold,” and one recommends it as a “sell” as of March 28.
Peer price targets
Xcel Energy (XEL) stock has a mean price target of $46.9 against its current market price of $45.1, which indicates a potential upside of 4% for the next 12 months.
On March 27, Mizuho securities cut Xcel Energy’s price target from $49.5 to $47.0. It raised Xcel Energy’s outlook from “neutral” to “buy.”
The California-based PG&E Corporation (PCG) has a mean price target of $48.9, which implies an estimated upside of more than 11% in a year. It’s currently trading at $43.9.
California utilities stocks were at the receiving end over the last few months, mainly due to wildfires in the state. You can compare which of the three main utilities could emerge stronger in Market Realist’s series How California Utilities Are Performing amid Mounting Challenges.
For analysis of utilities (XLU) with handsome upsides, see These 5 S&P 500 Utilities Offer Up to 20% Potential Upside.