Pennon Group Plc (PNN) Receives GBX 866.67 Consensus Target Price from Analysts
Pennon Group Plc (LON:PNN) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 866.67 ($11.66).
PNN has been the subject of several research reports. Deutsche Bank restated a “buy” rating and set a GBX 870 ($11.71) price target on shares of Pennon Group in a report on Tuesday, November 7th. Credit Suisse Group restated an “underperform” rating and set a GBX 710 ($9.56) price target on shares of Pennon Group in a report on Thursday, November 2nd. Barclays restated an “underweight” rating on shares of Pennon Group in a report on Tuesday, November 14th. J P Morgan Chase & Co raised their price target on shares of Pennon Group from GBX 840 ($11.31) to GBX 860 ($11.57) and gave the stock a “neutral” rating in a report on Thursday, October 26th. Finally, Macquarie restated an “outperform” rating and set a GBX 920 ($12.38) price target on shares of Pennon Group in a report on Thursday, August 31st.
Pennon Group (LON:PNN) traded down GBX 2.86 ($0.04) during mid-day trading on Thursday, hitting GBX 762.14 ($10.26). 1,861,251 shares of the company traded hands, compared to its average volume of 1,160,000. Pennon Group has a twelve month low of GBX 752.50 ($10.13) and a twelve month high of GBX 947.23 ($12.75).
In related news, insider Christopher Loughlin sold 19,552 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of GBX 792 ($10.66), for a total transaction of £154,851.84 ($208,414.32). In the last ninety days, insiders have purchased 57 shares of company stock worth $45,030.
Pennon Group 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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