PPL (NYSE:PPL) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Thursday, The Fly reports.
A number of other equities analysts have also weighed in on PPL. ValuEngine upgraded PPL from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. SunTrust Banks restated a “buy” rating and set a $39.00 target price on shares of PPL in a research report on Tuesday, January 9th. Guggenheim restated a “hold” rating and set a $32.00 target price on shares of PPL in a research report on Wednesday, January 3rd. Canaccord Genuity restated a “buy” rating and set a $48.00 target price on shares of PPL in a research report on Thursday, November 30th. Finally, KeyCorp restated a “hold” rating on shares of PPL in a research report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. PPL currently has a consensus rating of “Hold” and a consensus target price of $38.72.
PPL (NYSE PPL) opened at $31.57 on Thursday. The firm has a market capitalization of $21,521.39, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.92 and a beta of 0.48. PPL has a 52 week low of $30.44 and a 52 week high of $40.20. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.48 and a current ratio of 0.56.
Several large investors have recently bought and sold shares of PPL. Cutler Capital Management LLC acquired a new stake in shares of PPL during the 3rd quarter valued at about $114,000. Green Square Capital LLC acquired a new stake in shares of PPL during the 3rd quarter valued at about $215,000. Pinebridge Investments L.P. acquired a new stake in PPL in the 2nd quarter worth about $224,000. Cable Hill Partners LLC boosted its holdings in PPL by 5,417.6% in the 3rd quarter. Cable Hill Partners LLC now owns 6,566 shares of the utilities provider’s stock worth $249,000 after buying an additional 6,447 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in PPL in the 3rd quarter worth about $251,000. Hedge funds and other institutional investors own 71.26% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Deutsche Bank Upgrades PPL (PPL) to “Buy”” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3143841/deutsche-bank-upgrades-ppl-ppl-to-buy.html.
PPL Company Profile
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. PPL operates through U.K.
Receive News & Ratings for PPL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PPL and related companies with MarketBeat.com's FREE daily email newsletter.