Pennon Group Price Target Cut to GBX 670 (PNN)
Stock analysts at Societe Generale decreased their price objective on shares of Pennon Group (LON:PNN) from GBX 695 ($11.10) to GBX 670 ($10.70) in a report issued on Tuesday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Societe Generale’s price target would suggest a potential downside of 3.25% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Pennon Group in a research note to investors on Tuesday, October 1st. They now have a GBX 650 ($10.38) price target on the stock. Separately, analysts at Bank of America Corp. reiterated an “underperform” rating on shares of Pennon Group in a research note to investors on Thursday, September 26th. They now have a GBX 630 ($10.06) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pennon Group in a research note to investors on Monday, September 16th. They now have a GBX 745 ($11.89) price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 697.35 ($11.13).
Pennon Group (LON:PNN) traded up 0.07% during mid-day trading on Tuesday, hitting GBX 692.50. 669,363 shares of the company’s stock traded hands. Pennon Group has a 52 week low of GBX 589.00 and a 52 week high of GBX 736.671. The stock’s 50-day moving average is GBX 695.6 and its 200-day moving average is GBX 674.1. The company’s market cap is £2.522 billion.
Pennon Group Plc and its subsidiaries are engaged in the provision of water and sewerage services, waste management, recycling and renewable energy.
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