Pennon Group Stock Rating Reaffirmed by Societe Generale (PNN)
Pennon Group (LON:PNN)‘s stock had its “neutral” rating reiterated by analysts at Societe Generale in a research report issued to clients and investors on Friday, ARN reports. They currently have a GBX 758 ($12.44) target price on the stock. Societe Generale’s price objective would suggest a potential upside of 11.55% from the company’s current price.
Pennon Group (LON:PNN) traded down 0.66% on Friday, hitting GBX 679.50. 910,156 shares of the company’s stock traded hands. Pennon Group has a one year low of GBX 621.00 and a one year high of GBX 729.00. The stock has a 50-day moving average of GBX 658.5 and a 200-day moving average of GBX 676.9. The company’s market cap is £2.479 billion.
A number of other firms have also recently commented on PNN. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Pennon Group in a research note to investors on Friday. They now have a GBX 758 ($12.44) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Pennon Group in a research note to investors on Thursday. They now have a GBX 720 ($11.82) price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Pennon Group has a consensus rating of “Hold” and a consensus price target of GBX 711.46 ($11.68).
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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