Pennon Group plc Rating Reiterated by Goldman Sachs (PNN)
Pennon Group plc (LON:PNN)‘s stock had its “neutral” rating restated by Goldman Sachs in a research note issued on Tuesday. They currently have a GBX 743 ($12.64) price target on the stock. Goldman Sachs’ price target would indicate a potential downside of 3.94% from the company’s current price.
Shares of Pennon Group plc (LON:PNN) traded down 0.32% during mid-day trading on Tuesday, hitting GBX 773.50. The stock had a trading volume of 568,875 shares. Pennon Group plc has a 1-year low of GBX 629.338 and a 1-year high of GBX 790.69. The stock has a 50-day moving average of GBX 769.3 and a 200-day moving average of GBX 722.4. The company’s market cap is £2.862 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Wednesday, August 6th will be given a dividend of GBX 20.92 ($0.36) per share. This represents a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 6th.
PNN has been the subject of a number of other recent research reports. Analysts at HSBC reiterated a “neutral” rating on shares of Pennon Group plc in a research note on Monday. They now have a GBX 810 ($13.78) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Pennon Group plc in a research note on Friday, June 13th. They now have a GBX 780 ($13.27) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Pennon Group plc in a research note on Friday, June 13th. They now have a GBX 830 ($14.13) price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 768 ($13.07).
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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