Pennon Group plc Upgraded by Macquarie to “Outperform” (PNN)
Pennon Group plc (LON:PNN) was upgraded by equities researchers at Macquarie to an “outperform” rating in a research report issued on Friday, Stock Ratings News reports. The firm currently has a GBX 900 ($15.16) target price on the stock. Macquarie’s target price points to a potential upside of 18.73% from the company’s previous close.
Shares of Pennon Group plc (LON:PNN) opened at 750.00 on Friday. Pennon Group plc has a one year low of GBX 628.50 and a one year high of GBX 785.00. The stock’s 50-day moving average is GBX 744.3 and its 200-day moving average is GBX 698.3. The company’s market cap is £2.736 billion.
A number of other firms have also recently commented on PNN. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Pennon Group plc in a research note on Wednesday. They now have a GBX 780 ($13.14) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Pennon Group plc in a research note on Thursday, May 1st. They now have a GBX 830 ($13.98) price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Pennon Group plc presently has an average rating of “Hold” and an average price target of GBX 758.92 ($12.78).
Pennon Group Plc is a utility infrastructure company. The Company is engaged in the provision of water and sewerage services, recycling, renewable energy and waste management.
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