SunTrust Robinson Reiterates Their Buy Rating on PPL Corp (PPL)

By Jason Carr

In a report issued on February 11, Ali Agha from SunTrust Robinson reiterated a Buy rating on PPL Corp (PPLResearch Report), with a price target of $35. The company’s shares opened today at $30.93.

According to, Agha is a 5-star analyst with an average return of 11.0% and a 74.3% success rate. Agha covers the Utilities sector, focusing on stocks such as American Electric Power, Edison International, and Pnm Resources Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for PPL Corp with a $31 average price target.

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PPL Corp’s market cap is currently $22.32B and has a P/E ratio of 14.70. The company has a Price to Book ratio of 1.89.

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PPL Corp. is a utility holding company, which engages in the generation, transmission, and distribution of electricity. It operates through the following segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. The U.K. Regulated segment includes regulated electricity distribution operations of Western Power Distribution.