Reaffirmed: Pennon Group PLC (LON:PNN) “Neutral” Rating Reemphasized by equity analysts JP Morgan Cazenove; GBX 800.00 Target in Place

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Pennon Group PLC (LON:PNN) Rating Reaffirmed

JP Morgan Cazenove now has a GBX 800.00 PT on shares of Pennon Group PLC (LON:PNN). The PT may mean a potential upside of 20.48% from the last close price of Pennon Group PLC (LON:PNN). This rating was announced in analysts report on 30 November.

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 854.69 with a -2.60% below today’s (GBX 877.51) stock price. Pennon Group PLC was the topic of 32 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 30 with “Buy” rating. Credit Suisse maintained shares with “Neutral” rating and GBX 755 target share price in a report from a November 18. Morgan Stanley maintained PNN stock in a recent report from November 27 with “Equalwt/Cautious” rating. BNP Paribas maintained the rating on November 17. BNP Paribas has a “Outperform” rating and a GBX 950 price target on shares. Finally, Macquarie Research maintained the stock with “Outperform” rating in a report issued on a November 25.

The stock decreased 0.62% or GBX 5.49 on November 27, striking GBX 877.51. Approximately shares of stock traded hands. 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.

Reaffirmed: Pennon Group PLC (LON:PNN)

Pennon Group Plc is a United Kingdom environmental and resource management company. The company has a market cap of 3.64 billion GBP. The Company’s business is operated through its subsidiaries, which include South West Water Limited and Viridor Limited. It has 29.61 P/E ratio. The Company’s divisions include water and wastewater, and waste management.

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