Pennon Group plc (PNN) Stock Rating Reaffirmed by Deutsche Bank AG

Pennon Group plc (LON:PNN)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research report issued on Friday. They currently have a GBX 900 ($11.31) target price on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 1.01% from the stock’s current price.

Several other research firms have also commented on PNN. Bryan, Garnier & Co reissued a “sell” rating and issued a GBX 830 ($10.43) price target on shares of Pennon Group plc in a research report on Friday, January 6th. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 800 ($10.05) price target on shares of Pennon Group plc in a research report on Friday, December 2nd. HSBC Holdings plc reissued a “buy” rating and issued a GBX 940 ($11.81) price target on shares of Pennon Group plc in a research report on Friday, February 10th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 730 ($9.17) target price on shares of Pennon Group plc in a research report on Wednesday, January 18th. Finally, Macquarie reaffirmed an “outperform” rating and set a GBX 950 ($11.94) target price on shares of Pennon Group plc in a research report on Tuesday, January 24th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 874.50 ($10.99).

Analyst Recommendations for Pennon Group plc (LON:PNN)

Pennon Group plc (LON:PNN) opened at 891.00 on Friday. Pennon Group plc has a 12 month low of GBX 761.00 and a 12 month high of GBX 958.00. The firm has a 50-day moving average price of GBX 859.21 and a 200 day moving average price of GBX 832.86. The stock’s market capitalization is GBX 3.68 billion.

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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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