Pennon Group plc (PNN) Given Consensus Recommendation of “Hold” by Analysts
Shares of Pennon Group plc (LON:PNN) have been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the stock. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 868.75 ($10.59).
A number of research analysts have issued reports on PNN shares. Deutsche Bank AG reiterated a “buy” rating on shares of Pennon Group plc in a research note on Friday, June 24th. HSBC reiterated a “buy” rating and set a GBX 990 ($12.07) price objective on shares of Pennon Group plc in a research note on Tuesday, July 5th. Credit Suisse Group AG lifted their price objective on Pennon Group plc from GBX 730 ($8.90) to GBX 815 ($9.93) and gave the company an “underperform” rating in a research note on Thursday, July 21st. JPMorgan Chase & Co. lifted their price objective on Pennon Group plc from GBX 850 ($10.36) to GBX 900 ($10.97) and gave the company a “neutral” rating in a research note on Friday, July 22nd. Finally, BNP Paribas reiterated an “outperform” rating and set a GBX 950 ($11.58) price objective on shares of Pennon Group plc in a research note on Tuesday, September 13th.
Pennon Group plc (LON:PNN) opened at 840.50 on Friday. The stock’s 50 day moving average price is GBX 874.55 and its 200 day moving average price is GBX 860.34. Pennon Group plc has a 1-year low of GBX 762.50 and a 1-year high of GBX 958.00. The company’s market cap is GBX 3.46 billion.
In related news, insider Loughlin,Christopher sold 24,625 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of GBX 911 ($11.10), for a total transaction of £224,333.75 ($273,411.03).
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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