Investor Outlook: Pennon Group PLC (LON:PNN) Buy Rating Maintained by Beaufort Securities Today


Pennon Group PLC (LON:PNN) Rating Reaffirmed

Beaufort Securities reconfirmed their Buy rating on Pennon Group PLC (LON:PNN) in an interesting research report revealed to clients and investors 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 -1.39% below today’s (GBX 866.75) 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.

Approximately 128,398 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.

Investor Outlook: Pennon Group PLC (LON:PNN) Buy Rating Maintained by Beaufort Securities Today

Pennon Group Plc is a United Kingdom environmental and resource management company. The company has a market cap of 3.60 billion GBP. The Company’s business is operated through its subsidiaries, which include South West Water Limited and Viridor Limited. It has 29.24 P/E ratio. The Company’s divisions include water and wastewater, and waste management.