Deutsche Bank AG reaffirmed their buy rating on shares of Pennon Group plc (LON:PNN) in a research note published on Monday, July 24th. The brokerage currently has a GBX 980 ($12.76) target price on the stock.
A number of other equities analysts also recently weighed in on PNN. Barclays PLC increased their price target on shares of Pennon Group plc from GBX 770 ($10.03) to GBX 810 ($10.55) and gave the stock an underweight rating in a research note on Monday, June 12th. Beaufort Securities reaffirmed a buy rating on shares of Pennon Group plc in a research note on Thursday, May 25th. HSBC Holdings plc reaffirmed a buy rating and set a GBX 960 ($12.50) price target on shares of Pennon Group plc in a research note on Friday, July 21st. Royal Bank Of Canada reissued an outperform rating and issued a GBX 950 ($12.37) target price on shares of Pennon Group plc in a research note on Thursday, May 4th. Finally, Morgan Stanley raised their target price on shares of Pennon Group plc from GBX 900 ($11.72) to GBX 930 ($12.11) and gave the company an equal weight rating in a research note on Friday, July 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 891.92 ($11.62).
Pennon Group plc (LON PNN) traded down 0.62% during trading on Monday, hitting GBX 801.00. The stock had a trading volume of 781,321 shares. The firm’s 50-day moving average price is GBX 815.59 and its 200-day moving average price is GBX 856.55. The company’s market cap is GBX 3.31 billion. Pennon Group plc has a 52-week low of GBX 761.00 and a 52-week high of GBX 947.23.
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The business also recently disclosed a dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, July 6th will be issued a dividend of GBX 24.87 ($0.32) per share. This is a positive change from Pennon Group plc’s previous dividend of $11.09. This represents a yield of 2.7%. The ex-dividend date of this dividend is Thursday, July 6th.
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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