Brokerages Set Pennon Group plc (LON:PNN) Target Price at $891.15
Shares of Pennon Group plc (LON:PNN) have received an average recommendation of “Hold” from the fourteen research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 891.92 ($11.62).
A number of brokerages recently weighed in on PNN. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 950 ($12.37) price objective on shares of Pennon Group plc in a research report on Monday, July 31st. Deutsche Bank AG restated a “buy” rating and issued a GBX 980 ($12.76) target price on shares of Pennon Group plc in a research report on Sunday, July 9th. Barclays PLC upped their target price on shares of Pennon Group plc from GBX 770 ($10.03) to GBX 810 ($10.55) and gave the stock an “underweight” rating in a research report on Monday, June 12th. HSBC Holdings plc restated a “buy” rating and issued a GBX 960 ($12.50) target price on shares of Pennon Group plc in a research report on Friday, July 21st. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Pennon Group plc in a research note on Thursday, May 25th.
Pennon Group plc (LON PNN) opened at 807.00 on Monday. The firm’s market cap is GBX 3.34 billion. The stock has a 50 day moving average price of GBX 824.44 and a 200 day moving average price of GBX 856.42. Pennon Group plc has a one year low of GBX 761.00 and a one year high of GBX 947.23.
The business also recently disclosed a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, July 6th will be paid a GBX 24.87 ($0.32) dividend. This represents a yield of 2.7%. The ex-dividend date of this dividend is Thursday, July 6th. This is a positive change from Pennon Group plc’s previous dividend of $11.09.
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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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