Pennon Group plc (LON:PNN) had its price target boosted by Societe Generale from GBX 840 ($10.96) to GBX 875 ($11.42) in a research report report published on Friday morning. They currently have a hold rating on the stock.
Several other research analysts have also commented on the stock. Beaufort Securities restated a buy rating on shares of Pennon Group plc in a research note on Thursday, September 22nd. BNP Paribas restated an outperform rating and set a GBX 950 ($12.40) price target on shares of Pennon Group plc in a research note on Tuesday, September 13th. HSBC restated a buy rating and set a GBX 990 ($12.92) price target on shares of Pennon Group plc in a research note on Tuesday, September 13th. Deutsche Bank AG dropped their price target on shares of Pennon Group plc from GBX 1,000 ($13.05) to GBX 900 ($11.75) and set a buy rating on the stock in a research note on Tuesday, September 13th. Finally, Credit Suisse Group AG restated an underperform rating and set a GBX 790 ($10.31) price target on shares of Pennon Group plc in a research note on Friday, September 9th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 865.79 ($11.30).
Shares of Pennon Group plc (LON:PNN) opened at 896.00 on Friday. The stock has a 50 day moving average of GBX 887.64 and a 200 day moving average of GBX 856.28. The company’s market cap is GBX 3.69 billion. Pennon Group plc has a 52-week low of GBX 748.00 and a 52-week high of GBX 958.00.
In other news, insider Loughlin,Christopher sold 16,040 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were 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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