Today Societe Generale Reiterates a “Hold” Rating on Pennon Group PLC (LON:PNN) and a GBX 810.00 Target Price

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Pennon Group PLC (LON:PNN) Rating Reaffirmed

Research professionals at Societe Generale now has a GBX 810.00 target on Pennon Group PLC (LON:PNN). Societe Generale and their recent target could mean a potential upside of 21.99% from the company’s last stock close. The rating has been disclosed to clients in a recent research report on Wednesday, 2 December.

From a total of 14 analysts covering Pennon Group PLC (LON:PNN) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 6 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 700. The mean of all analyst targets is GBX 837.21 with a -2.89% below today’s (GBX 879) stock price. Pennon Group PLC was the topic of 37 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on November 30 with “Outperform” rating. JP Morgan maintained shares with “Neutral” rating and GBX 800 target share price in a report from a November 30. Investec downgraded PNN stock in a recent report from November 30 to “Hold” rating. Deutsche Bank maintained the rating on November 30. Deutsche Bank has a “Buy” rating and a GBX 900 price target on shares. Finally, Beaufort Securities maintained the stock with “Buy” rating in a report issued on a November 30.

Approximately 5,953 shares of stock traded hands. Pennon Group plc (LON:PNN) has risen 4.52% since May 5, 2015 and is uptrending. It has outperformed by 4.72% the S&P500.

Today Societe Generale Reiterates a

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 29.66 P/E ratio. The Company’s divisions include water and wastewater, and waste management.

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