Shares of Pennon Group plc (LON:PNN) have been assigned an average rating of “Hold” from the sixteen analysts that are covering the company. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 881.15 ($11.01).

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 815 ($10.18) target price on shares of Pennon Group plc in a research note on Wednesday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 900 ($11.24) target price on shares of Pennon Group plc in a research note on Wednesday, September 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 900 ($11.24) target price on shares of Pennon Group plc in a research note on Wednesday, September 7th. Societe Generale lifted their target price on shares of Pennon Group plc from GBX 840 ($10.49) to GBX 875 ($10.93) and gave the company a “hold” rating in a research note on Friday, September 23rd. Finally, Beaufort Securities reissued a “buy” rating on shares of Pennon Group plc in a research note on Thursday, September 22nd.

In other news, insider Loughlin,Christopher sold 16,040 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of GBX 882 ($11.02), for a total transaction of £141,472.80 ($176,752.62).

Pennon Group plc (LON:PNN) opened at 802.50 on Friday. The company’s market capitalization is GBX 3.31 billion. The stock’s 50 day moving average is GBX 826.72 and its 200-day moving average is GBX 860.55. Pennon Group plc has a 52-week low of GBX 761.00 and a 52-week high of GBX 958.00.

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.

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