Pennon Group plc’s (PNN) Buy Rating Reaffirmed at Deutsche Bank AG
PNN has been the subject of a number of other research reports. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 900 ($11.16) price objective on shares of Pennon Group plc in a report on Monday. HSBC reiterated a buy rating and issued a GBX 990 ($12.28) price objective on shares of Pennon Group plc in a report on Tuesday, September 13th. Credit Suisse Group AG reiterated an underperform rating and issued a GBX 815 ($10.11) price objective on shares of Pennon Group plc in a report on Friday, August 26th. Investec upgraded Pennon Group plc to a buy rating and increased their price objective for the stock from GBX 840 ($10.42) to GBX 920 ($11.41) in a report on Wednesday, October 19th. Finally, Societe Generale increased their price objective on Pennon Group plc from GBX 840 ($10.42) to GBX 875 ($10.85) and gave the stock a hold rating in a report on Friday, September 23rd. Three equities research 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’s stock. Pennon Group plc currently has an average rating of Hold and an average price target of GBX 877.31 ($10.88).
Pennon Group plc (LON:PNN) opened at 819.00 on Monday. The stock’s market capitalization is GBX 3.37 billion. The company has a 50 day moving average of GBX 817.71 and a 200-day moving average of GBX 861.51. Pennon Group plc has a one year low of GBX 761.00 and a one year high of GBX 958.00.
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The company also recently announced a dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Thursday, February 2nd will be given a GBX 11.09 ($0.14) dividend. The ex-dividend date is Thursday, February 2nd. This represents a yield of 1.36%.
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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