Pennon Group plc Given Average Rating of “Hold” by Brokerages (LON:PNN)
Pennon Group plc (LON:PNN) has been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 762.58 ($12.75).
Pennon Group plc (LON:PNN) opened at 797.00 on Monday. Pennon Group plc has a 52-week low of GBX 630.00 and a 52-week high of GBX 820.00. The stock’s 50-day moving average is GBX 798.6 and its 200-day moving average is GBX 757.9. The company’s market cap is £2.951 billion.
A number of research firms have recently commented on PNN. Analysts at RBC Capital reiterated an “outperform” rating on shares of Pennon Group plc in a research note on Wednesday, August 13th. They now have a GBX 890 ($14.88) price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Pennon Group plc from GBX 645 ($10.78) to GBX 655 ($10.95) in a research note on Friday, August 1st. They now have an “underperform” rating on the stock.
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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