Wolfe Research upgraded Great Plains Energy Incorporated (NYSE:GXP) to Outperform in a report released today.
- Updated: October 3, 2016
Wolfe Research has upgraded Great Plains Energy Incorporated (NYSE:GXP) to Outperform in a report released on Monday October 03, 2016.
Previously on 9/29/2016, Barclays PLC released a statement about Great Plains Energy Incorporated (NYSE:GXP) reduced the target price from $31.00 to $29.00. At the time, this indicated a possible upside of 0.04%.
Just yesterday Great Plains Energy Incorporated (NYSE:GXP) traded -0.37% lower at $27.29. The company’s 50-day moving average is $27.53 and its 200-day moving average is $29.83. The last stock close price is down -8.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,426,728 shares of the stock were exchanged, down from an average trading volume of 2,775,780
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Great Plains Energy Incorporated has a 52 week low of $25.44 and a 52 week high of $32.74 with a P/E ratio of 20.34 GXP’s total market value is presently $0.
A total of 7 equity analysts have released a research note on GXP. Two equity analysts rating the company a strong buy, 0 brokerages rating the stock a buy, 10 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $31.00.
General Company Details For Great Plains Energy Incorporated (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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