Pennon Group plc (LON:PNN) had its price target increased by research analysts at Societe Generale from GBX 840 ($10.96) to GBX 875 ($11.42) in a research report issued on Friday. The brokerage presently has a “hold” rating on the stock. Societe Generale’s price target points to a potential downside of 2.29% from the company’s previous close.

A number of other equities analysts also recently issued reports on PNN. JPMorgan Chase & Co. lifted their price objective on shares of Pennon Group plc from GBX 800 ($10.44) to GBX 850 ($11.10) and gave the stock a “neutral” rating in a report on Thursday, May 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 900 ($11.75) price objective on shares of Pennon Group plc in a report on Thursday, May 26th. HSBC reaffirmed a “buy” rating and set a GBX 950 ($12.40) price objective on shares of Pennon Group plc in a report on Thursday, May 26th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 950 ($12.40) price objective on shares of Pennon Group plc in a report on Monday, June 13th. Finally, Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 815 ($10.64) price target on shares of Pennon Group plc in a report on Wednesday, July 27th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Pennon Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 865.79 ($11.30).

Analyst Recommendations for Pennon Group plc (LON:PNN)

Pennon Group plc (LON:PNN) traded down 0.28% during trading on Friday, reaching GBX 893.00. 670,222 shares of the company were exchanged. The stock’s market capitalization is GBX 3.68 billion. The firm’s 50 day moving average price is GBX 887.12 and its 200-day moving average price is GBX 852.93. Pennon Group plc has a one year low of GBX 727.00 and a one year high of GBX 958.00.

In related news, insider Loughlin,Christopher sold 16,040 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of GBX 882 ($11.51), for a total value of £141,472.80 ($184,666.23).

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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