PPL’s target price
PPL (PPL) stock has a median target price of $31.27—compared to its current market price of $29.66, which indicates an estimated upside of more than 5% for the next 12 months.
According to the 15 analysts surveyed by Reuters that track PPL, two recommend a “strong buy,” four recommend a “buy,” eight recommend a “hold,” and one recommends a “sell” as of September 20. Morgan Stanley raised PPL’s target price from $29.0 to $30.0 last week.
Peers’ target prices
Duke Energy (DUK) stock has a median target price of $85.06, which implies an estimated upside of 6.2% going forward. Currently, Duke Energy is trading at $80.09.
Southern Company (SO) stock offers a potential upside of more than 5% against its current market price of $43.70. Analysts have given Southern Company a mean target price of $45.92.
Xcel Energy (XEL) has a median target price of $49.54—compared to its current market price of $47.19, which indicates a potential upside of ~5% for the next 12 months. Last week, Morgan Stanley raised Xcel Energy’s target price from $49.0 to $52.0. J.P. Morgan also raised Xcel Energy’s target price from $49.0 to $53.0 last week.
To learn how utilities (XLU) played out last week and how they’re placed in the short term, read Utilities: Analyzing the Movers and Shakers Last Week.