Rating Reporting: Pennon Group PLC (LON:PNN) “Buy” Rating Reiterated at Beaufort Securities

November 28, 2016 - By Winifred Garcia

Pennon Group PLC (LON:PNN) Rating

Today, Beaufort Securities maintained their “Buy” rating on Pennon Group PLC (LON:PNN)‘s stock in an analyst report revealed to investors.

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 4.58% above today’s (GBX 831.68) stock price. Pennon Group PLC has been the topic of 97 analyst reports since July 31, 2015 according to StockzIntelligence Inc. BNP Paribas maintained the shares of PNN in a report on Tuesday, November 17 with “Outperform” rating. The stock of Pennon Group plc (LON:PNN) earned “Outperform” rating by BNP Paribas on Thursday, January 21. On Wednesday, November 18 the stock rating was maintained by Credit Suisse with “Neutral”. The rating was downgraded by Investec on Monday, November 30 to “Hold”. The firm has “Neutral” rating by Citigroup given on Thursday, October 29. HSBC maintained the stock with “Buy” rating in Monday, November 21 report. The stock has “Neutral” rating given by JP Morgan on Wednesday, September 7. As per Wednesday, August 26, the company rating was maintained by Credit Suisse. The stock of Pennon Group plc (LON:PNN) earned “Buy” rating by Deutsche Bank on Friday, August 28. Goldman Sachs maintained Pennon Group plc (LON:PNN) rating on Thursday, November 5. Goldman Sachs has “Sell” rating and GBX 755 price target.

About 219,411 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 22.04 P/E ratio. The Company’s divisions include Water and Waste management.

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