Pennon Group plc’s (PNN) Buy Rating Reiterated at Beaufort Securities
Pennon Group plc (LON:PNN)‘s stock had its “buy” rating reissued by analysts at Beaufort Securities in a research note issued on Monday.
PNN has been the topic of a number of other reports. Credit Suisse Group AG restated an “underperform” rating and issued a GBX 815 ($10.18) price target on shares of Pennon Group plc in a research note on Friday, August 26th. Deutsche Bank AG restated a “buy” rating and issued a GBX 900 ($11.24) price target on shares of Pennon Group plc in a research note on Wednesday, September 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 900 ($11.24) price target on shares of Pennon Group plc in a research note on Wednesday, September 7th. HSBC restated a “buy” rating and issued a GBX 990 ($12.37) price target on shares of Pennon Group plc in a research note on Tuesday, September 13th. Finally, BNP Paribas restated an “outperform” rating and issued a GBX 950 ($11.87) price target on shares of Pennon Group plc in a research note on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Pennon Group plc presently has an average rating of “Hold” and a consensus target price of GBX 877.31 ($10.96).
Shares of Pennon Group plc (LON:PNN) opened at 825.00 on Monday. The stock has a 50 day moving average price of GBX 818.39 and a 200-day moving average price of GBX 860.50. Pennon Group plc has a 52 week low of GBX 761.00 and a 52 week high of GBX 958.00. The stock’s market cap is GBX 3.40 billion.
The firm also recently disclosed a dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Thursday, February 2nd will be issued a GBX 11.09 ($0.14) dividend. This represents a yield of 1.36%. The ex-dividend date of this dividend is Thursday, February 2nd.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/28/pennon-group-plcs-pnn-buy-rating-reiterated-at-beaufort-securities.html.
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.
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.