▲ +22.26% Upside Potential
This price target is based on 15 analysts offering 12 month price targets for PPL in the last 3 months. The average price target is $34.54, with a high forecast of $44.00 and a low forecast of $26.50. The average price target represents a 22.26% upside from the last price of $28.25.
The current consensus among 15 contributing investment analysts is to hold stock in PPL. This rating has held steady since November 2020, when it changed from a Buy consensus rating.
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. It serves approximately 418,000 electric and 329,000 natural gas customers in Louisville and adjacent areas in Kentucky; 530,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in 5 counties in southwestern Virginia. The company also provides electric delivery services to approximately 1.4 million customers in Pennsylvania; operates electricity distribution networks in the United Kingdom; generates electricity from coal, gas, hydro, and solar sources in Kentucky; and sells wholesale electricity to 2 municipalities in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.