Analysts Set Pennon Group plc (PNN) Price Target at $866.54
Pennon Group plc (LON:PNN) has been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the company. Five analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 866.54 ($10.72).
Several brokerages have commented on PNN. HSBC reissued a “buy” rating and issued a GBX 990 ($12.25) price target on shares of Pennon Group plc in a research report on Tuesday, July 5th. Credit Suisse Group AG raised their price target on shares of Pennon Group plc from GBX 730 ($9.03) to GBX 815 ($10.09) and gave the company an “underperform” rating in a research report on Thursday, July 21st. JPMorgan Chase & Co. raised their price target on shares of Pennon Group plc from GBX 850 ($10.52) to GBX 900 ($11.14) and gave the company a “neutral” rating in a research report on Friday, July 22nd. Deutsche Bank AG reissued a “buy” rating and issued a GBX 900 ($11.14) price target on shares of Pennon Group plc in a research report on Wednesday, September 7th. Finally, Societe Generale raised their price target on shares of Pennon Group plc from GBX 840 ($10.40) to GBX 875 ($10.83) and gave the company a “hold” rating in a research report on Friday, September 23rd.
In related news, insider Loughlin,Christopher sold 24,625 shares of Pennon Group plc stock in a transaction on Thursday, July 28th. The shares were sold at an average price of GBX 911 ($11.27), for a total transaction of £224,333.75 ($277,640.78).
Shares of Pennon Group plc (LON:PNN) opened at 838.50 on Friday. Pennon Group plc has a 12-month low of GBX 762.50 and a 12-month high of GBX 958.00. The stock’s market capitalization is GBX 3.45 billion. The firm has a 50-day moving average of GBX 877.32 and a 200 day moving average of GBX 859.45.
Pennon Group plc Company Profile
Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The Company’s segments include Water and Waste management. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited.
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