Pennon Group PLC (LON:PNN) Buy Rating Has Been Reiterated Today By Deutsche Bank; The Price Objective is GBX 900.00

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Pennon Group PLC (LON:PNN) Rating Reaffirmed

Recently, In analysts report published on Friday, 11 December, Pennon Group PLC (LON:PNN) shares have had their Buy Rating reconfirmed by stock analysts at Deutsche Bank, who currently has a GBX 900.00 target price per share on company. This target by Deutsche Bank would indicate the possibile upside of 8.01% from the stock close price.

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 1.87% above today’s (GBX 841.5) stock price. Pennon Group PLC was the topic of 41 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 9 with “Outperform” rating. Bryan Garnier & Cie maintained shares with “Neutral” rating and GBX 800 target share price in a report from a November 30. Charles Stanley maintained PNN stock in a recent report from December 3 with “Buy” rating. JP Morgan maintained the rating on November 30. JP Morgan has a “Neutral” rating and a GBX 800 price target on shares. Finally, BNP Paribas maintained the stock with “Outperform” rating in a report issued on a November 30.

Approximately 65,095 shares of stock traded hands. Pennon Group plc (LON:PNN) has declined 3.53% since May 14, 2015 and is downtrending. It has underperformed by 0.51% the S&P500.

Pennon Group PLC (LON:PNN) Buy Rating Has Been Reiterated Today By Deutsche Bank; The Price Objective is GBX 900.00

Pennon Group Plc is a United Kingdom environmental and resource management company. The company has a market cap of 3.49 billion GBP. The Company’s business is operated through its subsidiaries, which include South West Water Limited and Viridor Limited. It has 28.39 P/E ratio. The Company’s divisions include water and wastewater, and waste management.

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