Pennon Group plc (PNN) Lifted to “Neutral” at Citigroup Inc.
Pennon Group plc (LON:PNN) was upgraded by equities research analysts at Citigroup Inc. to a “neutral” rating in a research note issued to investors on Wednesday.
A number of other brokerages have also issued reports on PNN. Beaufort Securities reaffirmed a “buy” rating on shares of Pennon Group plc in a research note on Thursday, September 22nd. Credit Suisse Group AG raised Pennon Group plc to a “neutral” rating and raised their price objective for the stock from GBX 790 ($9.87) to GBX 800 ($10.00) in a research note on Wednesday, November 9th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 900 ($11.24) price objective on shares of Pennon Group plc in a research note on Wednesday, September 7th. BNP Paribas reissued an “outperform” rating and set a GBX 950 ($11.87) price objective on shares of Pennon Group plc in a research note on Tuesday, September 13th. Finally, Societe Generale raised 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 research note on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 881.15 ($11.01).
Pennon Group plc (LON:PNN) opened at 791.00 on Wednesday. Pennon Group plc has a 1-year low of GBX 761.00 and a 1-year high of GBX 958.00. The company has a 50-day moving average price of GBX 836.34 and a 200 day moving average price of GBX 861.20. The firm’s market capitalization is GBX 3.26 billion.
In other news, insider Loughlin,Christopher sold 16,040 shares of the firm’s stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of GBX 882 ($11.02), for a total value of £141,472.80 ($176,752.62).
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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