Pennon Group plc Receives “Outperform” Rating from RBC Capital (PNN)
Pennon Group plc (LON:PNN)‘s stock had its “outperform” rating restated by research analysts at RBC Capital in a report released on Wednesday. They currently have a GBX 890 ($14.93) price objective on the stock. RBC Capital’s target price indicates a potential upside of 12.80% from the stock’s previous close.
A number of other analysts have also recently weighed in on PNN. Analysts at Credit Suisse raised their price target on shares of Pennon Group plc from GBX 645 ($10.82) to GBX 655 ($10.99) in a research note on Friday, August 1st. They now have an “underperform” rating 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 ($13.09) price target on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 765.46 ($12.84).
Pennon Group plc (LON:PNN) opened at 794.50 on Wednesday. Pennon Group plc has a 1-year low of GBX 630.00 and a 1-year high of GBX 820.00. The stock’s 50-day moving average is GBX 797.0 and its 200-day moving average is GBX 756.. The company’s market cap is £2.941 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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