Pennon Group’s Buy Rating Reaffirmed at Citigroup Inc. (PNN)
Pennon Group (LON:PNN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Citigroup Inc. in a research note issued to investors on Tuesday, AnalystRatings.NET reports. They currently have a GBX 780 ($12.85) target price on the stock. Citigroup Inc.’s price target would indicate a potential upside of 13.79% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at HSBC downgraded shares of Pennon Group to a “neutral” rating in a research note to investors on Thursday, January 9th. They now have a GBX 720 ($11.87) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Pennon Group from GBX 745 ($12.28) to GBX 700 ($11.54) in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating 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 Friday, December 20th. They now have a GBX 641 ($10.56) price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Pennon Group presently has a consensus rating of “Hold” and an average price target of GBX 700.15 ($11.54).
Pennon Group (LON:PNN) traded down 0.44% on Tuesday, hitting GBX 682.50. The stock had a trading volume of 617,787 shares. Pennon Group has a 1-year low of GBX 621.00 and a 1-year high of GBX 729.00. The stock’s 50-day moving average is GBX 652.3 and its 200-day moving average is GBX 676.1. The company’s market cap is £2.490 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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