Pennon Group plc (PNN) Given Average Recommendation of “Hold” by Brokerages

Shares of Pennon Group plc (LON:PNN) have received an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 891.15 ($11.64).

Several equities analysts have weighed in on PNN shares. Deutsche Bank AG reissued a “buy” rating and issued a GBX 980 ($12.80) target price on shares of Pennon Group plc in a research note on Sunday, July 9th. Morgan Stanley increased their target price on Pennon Group plc from GBX 900 ($11.75) to GBX 930 ($12.14) and gave the company an “equal weight” rating in a research note on Friday, July 7th. Barclays PLC increased their target price on Pennon Group plc from GBX 770 ($10.05) to GBX 810 ($10.58) and gave the company an “underweight” rating in a research note on Monday, June 12th. Credit Suisse Group cut their target price on Pennon Group plc from GBX 750 ($9.79) to GBX 710 ($9.27) and set an “underperform” rating on the stock in a research note on Friday, June 30th. Finally, Beaufort Securities reissued a “buy” rating on shares of Pennon Group plc in a research note on Thursday, May 25th.

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Shares of Pennon Group plc (LON:PNN) opened at 814.00 on Tuesday. Pennon Group plc has a 12 month low of GBX 761.00 and a 12 month high of GBX 947.23. The company’s market capitalization is GBX 3.37 billion. The firm has a 50-day moving average of GBX 895.10 and a 200 day moving average of GBX 856.54.

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

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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