Pennon Group PLC (LON:PNN) Rating Reaffirmed
They currently have a GBX 940.00 price target on Pennon Group PLC (LON:PNN). The target price by Macquarie would suggest a potential upside of 8.58% from the company’s stock price. This has been revealed in a recent research report on Monday, 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 -1.25% below today’s (GBX 865.5) 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 131,762 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.
Pennon Group Plc is a United Kingdom environmental and resource management company. The company has a market cap of 3.59 billion GBP. The Company’s business is operated through its subsidiaries, which include South West Water Limited and Viridor Limited. It has 29.2 P/E ratio. The Company’s divisions include water and wastewater, and waste management.