Shares of Pennon Group plc (LON:PNN) have earned an average recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 828 ($10.68).
PNN has been the topic of several analyst reports. HSBC lowered their target price on shares of Pennon Group from GBX 890 ($11.48) to GBX 860 ($11.09) and set a “buy” rating on the stock in a research report on Tuesday, August 28th. UBS Group increased their target price on shares of Pennon Group from GBX 752 ($9.70) to GBX 820 ($10.58) and gave the stock a “buy” rating in a research report on Thursday, August 9th. Deutsche Bank reissued a “buy” rating on shares of Pennon Group in a research report on Friday, July 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 925 ($11.93) price target on shares of Pennon Group in a research report on Monday, September 3rd.
Pennon Group stock opened at GBX 744.60 ($9.61) on Friday. Pennon Group has a one year low of GBX 600.23 ($7.74) and a one year high of GBX 947.23 ($12.22).
About Pennon Group
Pennon Group Plc engages in the environmental infrastructure businesses worldwide. The company operates through Water, and Waste Management segments. The Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset serving 1.7 million customers; and water services in the areas of Dorset, Hampshire, and Wiltshire serving approximately 0.5 million customers.
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