Pennon Group plc Given New GBX 655 Price Target at Credit Suisse (PNN)
Equities researchers at Credit Suisse hoisted their price objective on shares of Pennon Group plc (LON:PNN) from GBX 645 ($10.95) to GBX 655 ($11.12) in a research report issued on Friday. The firm currently has an “underperform” rating on the stock. Credit Suisse’s target price indicates a potential downside of 18.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Pennon Group plc in a research note on Friday, July 11th. They now have a GBX 890 ($15.11) 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 Tuesday, June 24th. They now have a GBX 780 ($13.25) price target on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 765.46 ($13.00).
Pennon Group plc (LON:PNN) traded down 1.60% on Friday, hitting GBX 802.0001. 922,150 shares of the company’s stock traded hands. Pennon Group plc has a 1-year low of GBX 629.338 and a 1-year high of GBX 820.00. The stock has a 50-day moving average of GBX 792.5 and a 200-day moving average of GBX 750.2. The company’s market cap is £2.969 billion.
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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