Market Rating: JP Morgan Cazenove Keeps GBX 900.00 Price Objective On Pennon Group PLC (LON:PNN), Keeps “Neutral” Rating

November 28, 2016 - By Michael Collier

Pennon Group PLC (LON:PNN) Rating

The broker have set target price per share of GBX 900.00 on Pennon Group PLC (LON:PNN) shares. This is 9.22% from the last price. In a research report sent to clients and investors on Monday morning, JP Morgan Cazenove kept their “Neutral” rating on shares of PNN.

Pennon Group plc (LON:PNN) Ratings Coverage

Out of 17 analysts covering Pennon Group PLC (LON:PNN), 9 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 53% are positive. GBX 1000 is the highest target while GBX 715 is the lowest. The GBX 869.78 average target is 4.48% above today’s (GBX 832.5) stock price. Pennon Group PLC has been the topic of 97 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by BNP Paribas with “Neutral” on Thursday, September 17. The rating was maintained by Beaufort Securities on Friday, February 12 with “Speculative Buy”. Goldman Sachs maintained it with “Sell” rating and GBX 755 target price in Friday, October 23 report. The firm has “Underperform” rating given on Friday, August 26 by Credit Suisse. The firm earned “Buy” rating on Tuesday, September 13 by HSBC. As per Friday, December 11, the company rating was maintained by Deutsche Bank. On Thursday, October 8 the stock rating was upgraded by Credit Suisse to “Neutral”. Beaufort Securities maintained Pennon Group plc (LON:PNN) on Monday, November 28 with “Buy” rating. The firm has “Buy” rating given on Friday, September 25 by Deutsche Bank. Credit Suisse maintained the stock with “Underperform” rating in Friday, September 9 report.

About 226,029 shares traded hands. Pennon Group plc (LON:PNN) has risen 0.62% since April 29, 2016 and is uptrending. It has underperformed by 5.40% the S&P500.

Pennon Group Plc is an environmental infrastructure company. The company has a market cap of 3.45 billion GBP. The Firm operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. It has a 22.06 P/E ratio. The Company’s divisions include Water and Waste management.

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