Deutsche Bank Reaffirms Buy Rating for Pennon Group plc (PNN)
Pennon Group plc (LON:PNN)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank in a research note issued to investors on Friday. They currently have a GBX 830 ($13.73) price target on the stock. Deutsche Bank’s target price would suggest a potential upside of 3.04% 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, August 22nd. They now have a GBX 890 ($14.73) price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Pennon Group plc from GBX 645 ($10.67) to GBX 655 ($10.84) in a research note on Friday, August 1st. They now have an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 762.58 ($12.62).
Shares of Pennon Group plc (LON:PNN) opened at 805.50 on Friday. Pennon Group plc has a 52 week low of GBX 630.00 and a 52 week high of GBX 824.619. The stock’s 50-day moving average is GBX 801.3 and its 200-day moving average is GBX 766.2. The company’s market cap is £2.982 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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