Pennon Group plc (PNN) Stock Rating Reaffirmed by Deutsche Bank AG
Pennon Group plc (LON:PNN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday.
PNN has been the subject of a number of other research reports. JPMorgan Chase & Co. increased their price objective on Pennon Group plc from GBX 850 ($10.62) to GBX 900 ($11.24) and gave the stock a “neutral” rating in a report on Friday, July 22nd. Credit Suisse Group AG upgraded Pennon Group plc to a “neutral” rating and increased their price objective for the stock from GBX 790 ($9.87) to GBX 800 ($10.00) in a report on Wednesday, November 9th. HSBC reiterated a “buy” rating and issued a GBX 990 ($12.37) price objective on shares of Pennon Group plc in a report on Tuesday, September 13th. BNP Paribas reiterated an “outperform” rating and issued a GBX 950 ($11.87) price objective on shares of Pennon Group plc in a report on Tuesday, September 13th. Finally, Societe Generale increased their price objective on Pennon Group plc from GBX 840 ($10.49) to GBX 875 ($10.93) and gave the stock a “hold” rating in a report on Friday, September 23rd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 873.46 ($10.91).
Shares of Pennon Group plc (LON:PNN) opened at 770.00 on Tuesday. The firm’s market cap is GBX 3.17 billion. The stock’s 50 day moving average is GBX 838.01 and its 200 day moving average is GBX 861.66. Pennon Group plc has a 12 month low of GBX 761.00 and a 12 month high of GBX 958.00.
In related news, insider Loughlin,Christopher sold 16,040 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of GBX 882 ($11.02), for a total transaction of £141,472.80 ($176,752.62).
About Pennon Group plc
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.
Receive News & Stock Ratings for Pennon Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennon Group plc and related stocks with our FREE daily email newsletter.