Analysts Set Pennon Group plc (PNN) Price Target at $787.86
Pennon Group plc (LON:PNN) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 787.50 ($10.29).
A number of equities analysts recently commented on the stock. Deutsche Bank lifted their target price on shares of Pennon Group from GBX 780 ($10.19) to GBX 790 ($10.32) and gave the stock a “hold” rating in a research report on Monday, December 10th. Morgan Stanley reiterated an “equal weight” rating on shares of Pennon Group in a research report on Thursday, December 13th. UBS Group reiterated a “buy” rating and issued a GBX 800 ($10.45) target price on shares of Pennon Group in a research report on Tuesday, November 27th. Goldman Sachs Group lifted their target price on shares of Pennon Group from GBX 758 ($9.90) to GBX 775 ($10.13) and gave the stock a “neutral” rating in a research report on Tuesday, September 18th. Finally, Royal Bank of Canada cut shares of Pennon Group to a “sector performer” rating and decreased their target price for the stock from GBX 925 ($12.09) to GBX 800 ($10.45) in a research report on Monday, November 26th.
Pennon Group stock opened at GBX 719.60 ($9.40) on Friday. Pennon Group has a fifty-two week low of GBX 600.23 ($7.84) and a fifty-two week high of GBX 947.23 ($12.38).
About Pennon Group
Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.
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