Charles Stanley Reiterates Buy Rating for Pennon Group (LON:PNN) stock. What’s the Best Move for Investors?

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Pennon Group (LON:PNN) Rating Reaffirmed

Charles Stanley has restated their Buy rating on Pennon Group (LON:PNN) in a comprehensive report released on Thursday morning.

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 -1.12% below today’s (GBX 863.32) stock price. Pennon Group PLC was the topic of 38 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on December 2 with “Hold” rating. JP Morgan maintained shares with “Neutral” rating and GBX 800 target share price in a report from a November 30. Bryan Garnier & Cie maintained PNN stock in a recent report from November 30 with “Neutral” rating. Deutsche Bank maintained the rating on November 30. Deutsche Bank has a “Buy” rating and a GBX 900 price target on shares. Finally, Macquarie Research maintained the stock with “Outperform” rating in a report issued on a November 30.

The stock decreased 0.19% or GBX 1.68 on December 3, striking GBX 863.32. Approximately 895,664 shares of stock traded hands or 31.10% up from the average. Pennon Group plc (LON:PNN) has risen 2.37% since May 6, 2015 and is uptrending. It has outperformed by 2.65% the S&P500.

Charles Stanley Reiterates Buy Rating for Pennon Group (LON:PNN) stock. What’s the Best Move for Investors?

Pennon Group Plc is a United Kingdom environmental and resource management company. The company has a market cap of 3.56 billion GBP. The Company’s business is operated through its subsidiaries, which include South West Water Limited and Viridor Limited. It has 29.13 P/E ratio. The Company’s divisions include water and wastewater, and waste management.

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