Pennon Group plc Earns “Outperform” Rating from RBC Capital (PNN)
Pennon Group plc (LON:PNN)‘s stock had its “outperform” rating restated by RBC Capital in a research note issued on Friday. They currently have a GBX 890 ($14.88) price objective on the stock. RBC Capital’s target price indicates a potential upside of 9.14% from the company’s current price.
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 ($10.78) to GBX 655 ($10.95) 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 ($13.04) price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. Pennon Group plc currently has a consensus rating of “Hold” and a consensus price target of GBX 762.58 ($12.75).
Pennon Group plc (LON:PNN) opened at 813.50 on Friday. Pennon Group plc has a 52 week low of GBX 630.00 and a 52 week high of GBX 820.00. The stock has a 50-day moving average of GBX 800.6 and a 200-day moving average of GBX 761.7. The company’s market cap is £3.012 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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