Great Plains Engy (NYSE:GXP) has been upgraded from Neutral to Buy in a statement by BofA Merrill earlier today.
- Updated: October 3, 2016
BofA Merrill has upgraded Great Plains Engy (NYSE:GXP) from Neutral to Buy in a statement released on 10/03/2016.
On Thursday September 29, 2016, Barclays PLC released a statement for Great Plains Engy (NYSE:GXP) bumped down the target price from $31.00 to $29.00 that suggested an upside of 0.04%.
Boasting a price of $27.29, Great Plains Engy (NYSE:GXP) traded -0.37% lower on the day. With the last stock price close down -8.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Great Plains Engy has recorded a 50-day average of $27.53 and a two hundred day average of $29.83. Volume of trade was down over the average, with 1,426,728 shares of GXP changing hands under the typical 2,775,780
With a total market value of $0, Great Plains Engy has price-earnings ratio of 20.34 with a one year low of $25.44 and a one year high of $32.74 .
A total of 7 equity analysts have released a research note on GXP. Two equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, ten equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $31.00.
More About Great Plains Engy (NYSE:GXP)
Great Plains Energy Incorporated is a public utility holding company. The Company operates through electric utility segment. The Company does not own or operate any assets other than the stock of its subsidiaries. The Company's subsidiaries with operations include Kansas City Power & Light Company (KCP&L) and KCP&L Greater Missouri Operations Company (GMO). KCP&L is an integrated, regulated electric utility that provides electricity to customers primarily in the states of Missouri and Kansas. KCP&L has an active subsidiary, Kansas City Power & Light Receivables Company (KCP&L Receivables Company). GMO is an integrated, regulated electric utility that provides electricity to customers in the state of Missouri. GMO also provides regulated steam service to certain customers in the St. Joseph, Missouri area. GMO has two active subsidiaries, GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant). It also holds GPE Transmission Holding Company, LLC (GPETHC).
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