Pennon Group Stock Rating Reaffirmed by Societe Generale (PNN)
Pennon Group (LON: PNN)‘s stock had its “hold” rating reaffirmed by research analysts at Societe Generale in a report released on Monday. They currently have a $10.44 (691 GBX) target price on the stock.
Shares of Pennon Group traded down 1.51% during mid-day trading on Monday, hitting GBX 653.00. Pennon Group has a one year low of GBX 589.00 and a one year high of GBX 797.00. The stock’s 50-day moving average is currently GBX 735.4. The company’s market cap is £2.365 billion.
PNN has been the subject of a number of other recent research reports. Analysts at Bryan Garnier & Cie reiterated a “buy” rating on shares of Pennon Group in a research note to investors on Friday, February 15th. They now have a $12.40 price target on the stock. Separately, analysts at JPMorgan Chase downgraded shares of Pennon Group to a “neutral” rating in a research note to investors on Wednesday, February 13th. They now have a $10.90 price target on the stock, up previously from $10.51. Finally, analysts at Goldman Sachs raised their price target on shares of Pennon Group from $10.50 to $10.57 in a research note to investors on Monday, February 11th. They now have a “sell” rating on the stock.
Pennon Group Plc and its subsidiaries are engaged in the provision of water and sewerage services, waste management, recycling and renewable energy.
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