Why Great Plains Energy Inc (NYSE:GXP) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.33 on Great Plains Energy Inc (NYSE:GXP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.75 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Great Plains Energy Inc (NYSE:GXP) stands at 20.89.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Great Plains Energy Incorporate, the PEG ratio for coming 3-5 years is 3.21.

Technical Analysis

The technical analysis highlights that Great Plains Energy Incorporate current is trading $-1.53 points away or -5.18% from its 50-day moving average of $29.46. Further it is trading $-2.30 or -7.61% away its 200-day moving average of $30.23.

The 52-week high of Great Plains Energy Inc (NYSE:GXP) was $32.74 while lowest point recorded in 52-week was $24.08. It implies if stock price makes a movement of over $-4.81, it will record a new 52-week high. In the case of +15.99% drop, it will touch a new 52-week low.

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