November 28, 2016 - By Louis Casey
In an analyst report issued to investors and clients on today, HSBC maintained their Buy rating on Pennon Group PLC (LON:PNN)‘s stock. The target price per share would suggest a potential upside of 14.08% from firm’s previous close.
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 4.61% above today’s (GBX 831.42) stock price. Pennon Group PLC has been the topic of 97 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Pennon Group plc (LON:PNN) earned “Underperform” rating by Credit Suisse on Tuesday, February 16. As per Monday, November 30, the company rating was maintained by Beaufort Securities. The rating was maintained by Credit Suisse on Friday, January 8 with “Neutral”. BNP Paribas maintained the shares of PNN in a report on Wednesday, February 3 with “Outperform” rating. The company was maintained on Monday, November 30 by JP Morgan. Morgan Stanley maintained the shares of PNN in a report on Monday, October 5 with “Equal Weight” rating. The rating was maintained by UBS on Friday, October 16 with “Buy”. The firm has “Buy” rating by Deutsche Bank given on Monday, February 1. The stock has “Buy” rating given by UBS on Friday, February 5. The stock of Pennon Group plc (LON:PNN) earned “Sell” rating by Goldman Sachs on Wednesday, September 16.
About 212,362 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 3.44 billion GBP. The Firm operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. It has a 22.03 P/E ratio. The Company’s divisions include Water and Waste management.
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By Louis Casey