Price targets and analysts’ views
According to analysts’ consensus estimate, PPL Corporation (PPL) stock offers an attractive potential upside of more than 17% over the next year. Its mean target price is $32.20. Currently, PPL stock is trading at $27.40.
Among the 14 analysts tracking PPL, two have recommended a “strong buy” for the stock, five have recommended a “buy,” six have recommended a “hold,” and one has recommended a “sell” as of May 24.
The chart above shows how analysts’ views on PPL have changed in the last few months. It’s worth noting that analysts are becoming positive on PPL in light of their views earlier this year.
Peers’ target prices
Utility giant Duke Energy (DUK) stock offers a potential upside of 10% over the next 12 months. Wall Street analysts have given it a mean price target of $81.90. It’s currently trading at $74.90.
UBS cut DUK’s price target from $88 to $87 on May 21. SunTrust Robinson Humphrey also cut DUK’s target price from $82 to $79.
Xcel Energy (XEL) stock has a mean target price of $47.80 compared to its current market price of $44.40, which indicates a potential upside of 7.6% over the next 12 months.
Georgia-based Southern Company (SO) offers a potential upside of 5.7% over the next year. Analysts have given it a mean target price of $46.50, and it’s currently trading at $44.
The biggest utility by market capitalization, NextEra Energy (NEE), recently agreed to buy Southern Company’s Florida-based assets. For more information, be sure to read NextEra Energy Set to Get Stronger in Florida.