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Zacks Investment Research announced Great Plains Energy Incorporated (NYSE:GXP), raising its target price to $32.00 today

Great Plains Energy Incorporated (NYSE:GXP) had its stock price target increased to $32.00 by Zacks Investment Research in a report issued 5/23/2017. The increased price target implies a potential upside of 0.11% from the company's last closing price.

Just yesterday Great Plains Energy Incorporated (NYSE:GXP) traded 0.06% higher at $28.82. The company’s 50-day moving average is $30.99 and its two hundred day average is $30.06. With the last close down 6.47% relative to the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the same period. Trade Volume was up over the average, with 3,586,239 shares of GXP changing hands over the typical 1,790,010

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Great Plains Energy Incorporated (NYSE:GXP)

Great Plains Energy Incorporated has a 52 week low of $25.85 and a 52 week high of $32.25 with a PE ratio of 37.97 Great Plains Energy Incorporated’s market capitalization is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 7 analysts have released a research note on GXP. The one year target is $31.00 with 2 brokerages rating the stock a strong buy, 0 brokerages rating the company a buy, ten brokerages rating the company a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell.

Brief Synopsis About Great Plains Energy Incorporated (NYSE:GXP)

Great Plains Energy Incorporated (Great Plains Energy) is a utility holding company. The Company operates through electric utility segment. 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. Kansas City Power & Light Receivables Company (KCP&L Receivables Company) is the KCP&L's subsidiary. 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's subsidiaries include GMO Receivables Company and MPS Merchant Services, Inc. (MPS Merchant). As of December 31, 2016, electric utility had approximately 6,500 megawatts (MWs) of owned generating capacity.

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