Pennon Group plc (PNN) Stock Rating Reaffirmed by Deutsche Bank AG
Pennon Group plc (LON:PNN)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank AG in a report released on Friday. They currently have a GBX 870 ($11.29) price objective on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 7.21% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 840 ($10.90) price target on shares of Pennon Group plc in a research report on Wednesday, May 3rd. Barclays PLC increased their price objective on shares of Pennon Group plc from GBX 770 ($10.00) to GBX 810 ($10.52) and gave the stock an “underweight” rating in a research report on Monday, June 12th. HSBC Holdings plc reissued a “buy” rating and set a GBX 960 ($12.46) price objective on shares of Pennon Group plc in a research report on Friday, July 21st. Morgan Stanley cut their price objective on shares of Pennon Group plc from GBX 930 ($12.07) to GBX 920 ($11.94) and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 950 ($12.33) price objective on shares of Pennon Group plc in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 883.46 ($11.47).
Shares of Pennon Group plc (LON:PNN) opened at 811.50 on Friday. The stock’s 50 day moving average price is GBX 805.83 and its 200-day moving average price is GBX 857.82. The firm’s market capitalization is GBX 3.36 billion. Pennon Group plc has a 12 month low of GBX 761.00 and a 12 month high of GBX 947.23.
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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