Pennon Group plc (PNN) Given “Underweight” Rating at Barclays PLC
PNN has been the topic of a number of other reports. reiterated a buy rating and set a GBX 960 ($12.63) price target on shares of Pennon Group plc in a report on Friday, July 21st. Credit Suisse Group restated an underperform rating and issued a GBX 710 ($9.34) target price on shares of Pennon Group plc in a research note on Thursday, November 2nd. Morgan Stanley lowered their target price on Pennon Group plc from GBX 930 ($12.23) to GBX 920 ($12.10) and set an equal weight rating on the stock in a research note on Tuesday, July 18th. Deutsche Bank AG lowered their target price on Pennon Group plc from GBX 980 ($12.89) to GBX 870 ($11.44) and set a buy rating on the stock in a research note on Thursday, August 17th. Finally, Macquarie restated an outperform rating and issued a GBX 920 ($12.10) target price on shares of Pennon Group plc in a research note on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 867 ($11.40).
Shares of Pennon Group plc (LON:PNN) opened at GBX 781 ($10.27) on Tuesday. Pennon Group plc has a fifty-two week low of GBX 763 ($10.04) and a fifty-two week high of GBX 947.23 ($12.46).
In other news, insider Christopher Loughlin sold 11,437 shares of Pennon Group plc stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of GBX 807 ($10.61), for a total value of £92,296.59 ($121,394.96). Over the last quarter, insiders bought 57 shares of company stock valued at $45,391.
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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