Today RBC Capital Markets Reiterates a “Outperform” Rating on Pennon Group (LON:PNN) and a GBX 950 Target Price

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Pennon Group (LON:PNN) Rating Reaffirmed

RBC Capital Markets now has a GBX 950 target price per share on the 3.48B GBP market cap company or 12.96% upside potential. In an interesting research report revealed to clients on Wednesday, 9 December, Pennon Group (LON:PNN) shares have had their “Outperform” Rating has decided to reaffirm by stock research analysts at RBC Capital Markets.

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 840.07 with a 2.05% above today’s (GBX 836.5) stock price. Pennon Group PLC was the topic of 40 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Investec maintained shares on December 4 with “Hold” rating. JP Morgan maintained shares with “Neutral” rating and GBX 800 target share price in a report from a November 30. Societe Generale maintained PNN stock in a recent report from December 2 with “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, Bryan Garnier & Cie maintained the stock with “Neutral” rating in a report issued on a November 30.

Approximately 301,330 shares of stock traded hands. Pennon Group plc (LON:PNN) has declined 3.58% since May 12, 2015 and is downtrending. It has underperformed by 2.78% the S&P500.

Today RBC Capital Markets Reiterates a

Pennon Group Plc is a United Kingdom environmental and resource management company. The company has a market cap of 3.48 billion GBP. The Company’s business is operated through its subsidiaries, which include South West Water Limited and Viridor Limited. It has 28.22 P/E ratio. The Company’s divisions include water and wastewater, and waste management.

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