A number of research firms have changed their ratings and price targets for Pennon Group plc (LON: PNN):

  • 9/6/2017 – Pennon Group plc had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 870 ($11.24) price target on the stock.
  • 8/31/2017 – Pennon Group plc had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a GBX 920 ($11.88) price target on the stock.
  • 8/25/2017 – Pennon Group plc had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 870 ($11.24) price target on the stock.
  • 8/17/2017 – Pennon Group plc had its price target lowered by analysts at Deutsche Bank AG from GBX 980 ($12.66) to GBX 870 ($11.24). They now have a “buy” rating on the stock.
  • 7/31/2017 – Pennon Group plc had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a GBX 950 ($12.27) price target on the stock.
  • 7/24/2017 – Pennon Group plc had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 980 ($12.66) price target on the stock.
  • 7/21/2017 – Pennon Group plc had its “buy” rating reaffirmed by analysts at HSBC Holdings plc. They now have a GBX 960 ($12.40) price target on the stock.
  • 7/18/2017 – Pennon Group plc had its price target lowered by analysts at Morgan Stanley from GBX 930 ($12.01) to GBX 920 ($11.88). They now have an “equal weight” rating on the stock.
  • 7/9/2017 – Pennon Group plc had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 980 ($12.66) price target on the stock.

Shares of Pennon Group plc (PNN) traded up 0.86% on Thursday, hitting GBX 820.00. 311,879 shares of the company’s stock were exchanged. The stock’s market cap is GBX 3.39 billion. The company’s 50-day moving average price is GBX 806.20 and its 200 day moving average price is GBX 856.40. Pennon Group plc has a 12-month low of GBX 761.00 and a 12-month high of GBX 947.23.

In other Pennon Group plc news, insider Christopher Loughlin sold 11,437 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of GBX 807 ($10.42), for a total value of £92,296.59 ($119,200.04). Insiders acquired a total of 54 shares of company stock worth $45,426 in the last 90 days.

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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