Pennon Group plc (LON:PNN) had its price objective increased by HSBC from GBX 910 ($11.29) to GBX 940 ($11.66) in a research report sent to investors on Monday. HSBC currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on PNN. Deutsche Bank AG reaffirmed a buy rating and set a GBX 1,000 ($12.41) price target on shares of Pennon Group plc in a report on Tuesday, November 15th. Beaufort Securities reaffirmed a buy rating on shares of Pennon Group plc in a report on Thursday, September 22nd. Investec raised Pennon Group plc to a buy rating and upped their price target for the company from GBX 840 ($10.42) to GBX 920 ($11.41) in a report on Wednesday, October 19th. Societe Generale upped their price target on Pennon Group plc from GBX 840 ($10.42) to GBX 875 ($10.85) and gave the company a hold rating in a report on Friday, September 23rd. Finally, Citigroup Inc. raised Pennon Group plc to a neutral rating in a report on Wednesday, November 16th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of GBX 877.31 ($10.88).

Analyst Recommendations for Pennon Group plc (LON:PNN)

Pennon Group plc (LON:PNN) opened at 819.1103 on Monday. Pennon Group plc has a 52 week low of GBX 761.00 and a 52 week high of GBX 958.00. The firm has a 50-day moving average price of GBX 817.71 and a 200 day moving average price of GBX 861.51. The company’s market cap is GBX 3.37 billion.

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The firm also recently announced a dividend, which will be paid on Tuesday, April 4th. Investors of record on Thursday, February 2nd will be given a dividend of GBX 11.09 ($0.14) per share. This represents a dividend yield of 1.36%. The ex-dividend date is Thursday, February 2nd.

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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