Pennon Group PLC (LON:PNN) Rating Reaffirmed
They currently have a GBX 840.00 target price on Pennon Group PLC (LON:PNN). The target price by Investec would suggest a potential downside of -1.29% from the company’s last close price. This has been shown in analysts note on Friday, 4 December.
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 0.47% above today’s (GBX 849.64) stock price. Pennon Group PLC was the topic of 39 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Charles Stanley maintained shares on December 3 with “Buy” rating. JP Morgan maintained shares with “Neutral” rating and GBX 800 target share price in a report from a November 30. BNP Paribas maintained PNN stock in a recent report from November 30 with “Outperform” rating. Deutsche Bank maintained the rating on November 30. Deutsche Bank has a “Buy” rating and a GBX 900 price target on shares. Finally, Investec downgraded the stock to “Hold” rating in a report issued on a November 30.
Approximately 44,369 shares of stock traded hands. Pennon Group plc (LON:PNN) has risen 0.06% since May 7, 2015 and is uptrending. It has outperformed by 2.84% the S&P500.
Pennon Group Plc is a United Kingdom environmental and resource management company. The company has a market cap of 3.47 billion GBP. The Company’s business is operated through its subsidiaries, which include South West Water Limited and Viridor Limited. It has 28.67 P/E ratio. The Company’s divisions include water and wastewater, and waste management.