Bryan Garnier Has Just Reaffirmed GBX 800.00 Target Price Per Share on Pennon Group PLC (LON:PNN) stock, While They’ve Also Reiterated Their Neutral Rating

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Pennon Group PLC (LON:PNN) Rating Reaffirmed

In an analyst note sent to investors on Friday, 27 November, The Neutral rating of Pennon Group PLC (LON:PNN) shares was has decided to restate by Analysts at Bryan Garnier, who now has a GBX 800.00 price target on the stock. Bryan Garnier’s price target gives a possible downside of -7.19% from the stock close price of the company.

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 1.04M 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.

Bryan Garnier Has Just Reaffirmed GBX 800.00 Target Price Per Share on Pennon Group PLC (LON:PNN) stock, While They’ve Also Reiterated Their Neutral 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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