Pennon Group plc Receives Average Rating of “Hold” from Brokerages (LON:PNN)
Shares of Pennon Group plc (LON:PNN) have received an average rating of “Hold” from the fourteen brokerages that are currently covering the stock, Analyst Ratings Network reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 762.58 ($12.75).
Pennon Group plc (LON:PNN) opened at 813.00 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 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 £3.010 billion.
PNN has been the subject of a number of recent research reports. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.