Pennon Group plc’s (PNN) Buy Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reaffirmed their buy rating on shares of Pennon Group plc (LON:PNN) in a report published on Friday. The firm currently has a GBX 980 ($12.47) price target on the stock.

PNN has been the subject of several other reports. Royal Bank Of Canada reissued an outperform rating and set a GBX 950 ($12.08) price objective on shares of Pennon Group plc in a research note on Thursday, May 4th. Citigroup Inc. reissued a neutral rating and set a GBX 840 ($10.68) price objective on shares of Pennon Group plc in a research note on Wednesday, May 3rd. HSBC Holdings plc reissued a buy rating and set a GBX 940 ($11.96) price objective on shares of Pennon Group plc in a research note on Wednesday, April 26th. Barclays PLC boosted their price objective on shares of Pennon Group plc from GBX 770 ($9.79) to GBX 810 ($10.30) and gave the company an underweight rating in a research note on Monday, June 12th. Finally, Beaufort Securities reissued a buy rating on shares of Pennon Group plc in a research note on Thursday, May 25th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of GBX 891.25 ($11.34).

Pennon Group plc (PNN) opened at 855.00 on Friday. The firm’s market capitalization is GBX 3.54 billion. The firm’s 50-day moving average price is GBX 895.53 and its 200-day moving average price is GBX 853.77. Pennon Group plc has a 1-year low of GBX 761.00 and a 1-year high of GBX 958.00.

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The firm also recently declared a dividend, which will be paid on Friday, September 1st. Investors of record on Thursday, July 6th will be given a dividend of GBX 24.87 ($0.32) per share. This represents a yield of 2.7%. This is a boost from Pennon Group plc’s previous dividend of $11.09. The ex-dividend date is Thursday, July 6th.

About Pennon Group plc

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.

Analyst Recommendations for Pennon Group plc (LON:PNN)

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