Pennon Group plc Given “Outperform” Rating at RBC Capital (PNN)
Pennon Group plc (LON:PNN)‘s stock had its “outperform” rating reaffirmed by equities researchers at RBC Capital in a research report issued on Friday. They currently have a GBX 810 ($13.63) target price on the stock. RBC Capital’s price target would indicate a potential upside of 3.65% from the company’s current price.
Shares of Pennon Group plc (LON:PNN) opened at 783.50 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 754.4 and its 200-day moving average is GBX 705.3. The company’s market cap is £2.858 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Pennon Group plc in a research note on Friday, May 23rd. They now have a GBX 743 ($12.51) price target on the stock. Separately, analysts at Macquarie upgraded shares of Pennon Group plc to an “outperform” rating in a research note on Friday, May 16th. They now have a GBX 900 ($15.15) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Pennon Group plc in a research note on Wednesday, May 14th. They now have a GBX 780 ($13.13) price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. Pennon Group plc presently has an average rating of “Hold” and an average price target of GBX 757.77 ($12.75).
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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