Pennon Group plc (PNN) Price Target Lowered to GBX 900 at Deutsche Bank AG
Pennon Group plc (LON:PNN) had its price target lowered by Deutsche Bank AG from GBX 1,000 ($13.32) to GBX 900 ($11.99) in a research note issued to investors on Tuesday, StockTargetPrices.com reports. The firm currently has a buy rating on the stock.
A number of other brokerages also recently commented on PNN. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 900 ($11.99) price target on shares of Pennon Group plc in a report on Wednesday, September 7th. Credit Suisse Group AG lifted their price target on shares of Pennon Group plc from GBX 730 ($9.72) to GBX 815 ($10.86) and gave the stock an underperform rating in a report on Thursday, July 21st. HSBC reiterated a buy rating and set a GBX 990 ($13.19) price target on shares of Pennon Group plc in a report on Tuesday, July 5th. Finally, BNP Paribas restated an outperform rating and issued a GBX 950 ($12.65) target price on shares of Pennon Group plc in a report on Monday, June 13th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 863.29 ($11.50).
Shares of Pennon Group plc (LON:PNN) opened at 875.601990 on Tuesday. The firm’s 50-day moving average is GBX 887.65 and its 200-day moving average is GBX 849.91. Pennon Group plc has a 12-month low of GBX 712.00 and a 12-month high of GBX 958.00. The firm’s market capitalization is GBX 3.61 billion.
In related news, insider HAGUE,H P. BARRETT purchased 1,783 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The shares were purchased at an average cost of GBX 832 ($11.08) per share, with a total value of £14,834.56 ($19,758.34). Also, insider Loughlin,Christopher sold 24,625 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of GBX 911 ($12.13), for a total transaction of £224,333.75 ($298,792.95).
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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