Pennon Group Given Consensus Recommendation of “Hold” by Brokerages (LON:PNN)
Pennon Group (LON:PNN) has received an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock, American Banking and Market News reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 731.58 ($12.17).
A number of analysts have recently weighed in on PNN shares. Analysts at RBC Capital upgraded shares of Pennon Group to an “outperform” rating in a research note on Monday. They now have a GBX 810 ($13.47) price target on the stock. Separately, analysts at BNP Paribas upgraded shares of Pennon Group to an “outperform” rating in a research note on Tuesday, February 4th. They now have a GBX 790 ($13.14) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pennon Group in a research note on Thursday, January 30th.
Shares of Pennon Group (LON:PNN) traded down 0.55% during mid-day trading on Wednesday, hitting GBX 728.50. The stock had a trading volume of 299,502 shares. Pennon Group has a one year low of GBX 621.00 and a one year high of GBX 729.00. The stock’s 50-day moving average is GBX 687.1 and its 200-day moving average is GBX 677.6. The company’s market cap is £2.658 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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