Pennon Group plc (PNN) Receives “Buy” Rating from Beaufort Securities
Pennon Group plc (LON:PNN)‘s stock had its “buy” rating reissued by investment analysts at Beaufort Securities in a research report issued on Thursday.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 900 ($11.75) price target on shares of Pennon Group plc in a report on Thursday, May 26th. HSBC reiterated a “buy” rating and issued a GBX 990 ($12.92) price target on shares of Pennon Group plc in a report on Tuesday, July 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 900 ($11.75) price target on shares of Pennon Group plc in a report on Wednesday, September 7th. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 950 ($12.40) price target on shares of Pennon Group plc in a report on Thursday, May 26th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 863.29 ($11.27).
Shares of Pennon Group plc (LON:PNN) opened at 891.00 on Thursday. The company has a 50-day moving average of GBX 886.38 and a 200 day moving average of GBX 852.07. Pennon Group plc has a 12 month low of GBX 712.00 and a 12 month high of GBX 958.00. The company’s market cap is GBX 3.67 billion.
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In other news, insider Loughlin,Christopher sold 16,040 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of GBX 882 ($11.51), for a total transaction of £141,472.80 ($184,666.23).
Pennon Group plc Company Profile
Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The Company’s segments include Water and Waste management. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited.
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