Morgan Stanley Has Just Reaffirmed GBX 840 Target Price Per Share on Pennon Group (LON:PNN) stock, While They’ve Also Reiterated Their Equalwt/Cautious Rating

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Pennon Group (LON:PNN) Rating Reaffirmed

Morgan Stanley now has a GBX 840 TP on the 3.62B GBP market cap company or -3.34% downside potential. In a very recent research note issued on 27 November, Pennon Group (LON:PNN) shares have had their Equalwt/Cautious Rating reaffirmed by research professionals at Morgan Stanley.

From a total of 13 analysts covering Pennon Group PLC (LON:PNN) stock, 6 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 46% of the ratings are positive. The highest target price is GBX 950 while the lowest target price is GBX 715. The mean of all analyst targets is GBX 847 with a -3.48% below today’s (GBX 877.51) stock price. Pennon Group PLC was the topic of 30 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Morgan Stanley maintained shares on November 27 with “Equalwt/Cautious” rating. BNP Paribas maintained shares with “Outperform” rating and GBX 950 target share price in a report from a November 17. Macquarie Research maintained PNN stock in a recent report from November 25 with “Outperform” rating. Societe Generale maintained the rating on November 10. Societe Generale has a “Hold” rating and a GBX 810 price target on shares. Finally, Credit Suisse maintained the stock with “Neutral” rating in a report issued on a November 18.

The stock increased 4.84% or GBX 40.51 on November 27, striking GBX 877.51. Approximately 1.04 million shares of stock traded hands or 67.60% up from the average. Pennon Group plc (LON:PNN) has risen 4.13% since May 1, 2015 and is uptrending. It has outperformed by 5.02% the S&P500.

Morgan Stanley Has Just Reaffirmed GBX 840 Target Price Per Share on Pennon Group (LON:PNN) stock, While They’ve Also Reiterated Their Equalwt/Cautious Rating

Pennon Group Plc is a United Kingdom environmental and resource management company. The company has a market cap of 3.62 billion GBP. The Company’s business is operated through its subsidiaries, which include South West Water Limited and Viridor Limited. It has 27.18 P/E ratio. The Company’s divisions include water and wastewater, and waste management.

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