Pennon Group Given “Neutral” Rating at BNP Paribas (PNN)
Pennon Group (LON:PNN)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a report released on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 720 ($11.82) price target on the stock. BNP Paribas’ target price would suggest a potential upside of 5.03% from the company’s current price.
Shares of Pennon Group (LON:PNN) traded down 0.22% during mid-day trading on Thursday, hitting GBX 684.00. 639,197 shares of the company’s stock traded hands. Pennon Group has a 52-week low of GBX 621.00 and a 52-week high of GBX 729.00. The stock’s 50-day moving average is GBX 655.8 and its 200-day moving average is GBX 676.. The company’s market cap is £2.495 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Pennon Group from GBX 610 ($10.01) to GBX 630 ($10.34) in a research note to investors on Thursday. They now have an “underperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Pennon Group in a research note to investors on Tuesday. They now have a GBX 650 ($10.67) price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Pennon Group from GBX 685 ($11.24) to GBX 723 ($11.87) in a research note to investors on Thursday, January 16th. They now have an “equal weight” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Pennon Group presently has an average rating of “Hold” and an average target price of GBX 701.69 ($11.52).
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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