Skip to main content

Market Overview

Wells Fargo Raises GXP Valuation Range To $20.50-$21.50

Share:

Wells Fargo is raising its valuation range on Great Plains Energy (NYSE: GXP).

“To reflect a rise in peer multiples, we are increasing our V.R. to $20.50-$21.50 from $19.00-$20.00,” Wells Fargo writes. “At the midpoint of our range, GXP would trade at ~12.9x our 2012E of $1.63, which is consistent with the median 2012 P/E of its small cap peers.

“We continue to believe an in-line multiple is justified as GXP's strong EPS growth opportunities is offset by risk associated with pending rate cases in Missouri.”

Great Plains Energy currently trades at $19.88.

 

Related Articles (GXP)

View Comments and Join the Discussion!

Posted-In: great plains energy Wells FargoAnalyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com