Pennon Group plc (PNN) Stock Rating Upgraded by Investec
Pennon Group plc (LON:PNN) was upgraded by analysts at Investec to a “buy” rating in a research note issued to investors on Wednesday.
Other research analysts also recently issued research reports about the company. BNP Paribas reissued an “outperform” rating and issued a GBX 950 ($11.58) price target on shares of Pennon Group plc in a report on Tuesday, September 13th. JPMorgan Chase & Co. increased their target price on Pennon Group plc from GBX 850 ($10.36) to GBX 900 ($10.97) and gave the stock a “neutral” rating in a report on Friday, July 22nd. Societe Generale increased their target price on Pennon Group plc from GBX 840 ($10.24) to GBX 875 ($10.66) and gave the stock a “hold” rating in a report on Friday, September 23rd. Credit Suisse Group AG increased their target price on Pennon Group plc from GBX 730 ($8.90) to GBX 815 ($9.93) and gave the stock an “underperform” rating in a report on Thursday, July 21st. Finally, Deutsche Bank AG reduced their target price on Pennon Group plc from GBX 1,000 ($12.19) to GBX 900 ($10.97) and set a “buy” rating on the stock in a report on Tuesday, September 13th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 865.79 ($10.55).
Shares of Pennon Group plc (LON:PNN) opened at 842.00 on Wednesday. The company has a 50 day moving average price of GBX 874.55 and a 200-day moving average price of GBX 860.34. The stock’s market capitalization is GBX 3.47 billion. Pennon Group plc has a 1-year low of GBX 762.50 and a 1-year high of GBX 958.00.
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In related news, insider Loughlin,Christopher sold 16,040 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of GBX 882 ($10.75), for a total value of £141,472.80 ($172,422.67).
About Pennon Group plc
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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