Pennon Group plc (PNN) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Pennon Group plc (LON:PNN)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday. They presently have a GBX 900 ($11.16) price target on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 8.63% from the stock’s current price.
Several other equities analysts also recently weighed in on the company. Deutsche Bank AG restated a “buy” rating and issued a GBX 1,000 ($12.41) target price on shares of Pennon Group plc in a research report on Tuesday, November 15th. HSBC decreased their target price on Pennon Group plc from GBX 990 ($12.28) to GBX 910 ($11.29) and set a “buy” rating on the stock in a research report on Monday, November 21st. Beaufort Securities restated a “buy” rating on shares of Pennon Group plc in a research report on Thursday, September 22nd. Investec upgraded Pennon Group plc to a “buy” rating and raised their target price for the company from GBX 840 ($10.42) to GBX 920 ($11.41) in a research report on Wednesday, October 19th. Finally, Societe Generale raised their target price on Pennon Group plc from GBX 840 ($10.42) to GBX 875 ($10.85) and gave the company a “hold” rating in a research report on Friday, September 23rd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. Pennon Group plc has a consensus rating of “Hold” and a consensus target price of GBX 877.31 ($10.88).
Pennon Group plc (LON:PNN) opened at 829.50 on Monday. The company’s market cap is GBX 3.42 billion. 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 817.71 and a 200 day moving average price of GBX 861.51.
The firm also recently announced a dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Thursday, February 2nd will be given a GBX 11.09 ($0.14) dividend. The ex-dividend date of this dividend is Thursday, February 2nd. This represents a yield of 1.36%.
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In other Pennon Group plc news, insider H P. BARRETT HAGUE bought 1,819 shares of Pennon Group plc stock in a transaction on Tuesday, November 29th. The shares were bought at an average price of GBX 824 ($10.22) per share, for a total transaction of £14,988.56 ($18,593.92).
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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