Today’s Rating Alert: Deutsche Bank Reiterates Pennon Group PLC (LON:PNN) as Buy

November 28, 2016 - By Ellis Scott

Pennon Group PLC (LON:PNN) Rating

Today, Deutsche Bank kept their Buy rating on Pennon Group PLC (LON:PNN)‘s stock in a report issued to clients and 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 4.43% above today’s (GBX 832.85) stock price. Pennon Group PLC has been the topic of 97 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Friday, August 28, the company rating was upgraded by Deutsche Bank. As per Friday, October 16, the company rating was maintained by UBS. As per Thursday, October 1, the company rating was maintained by Macquarie Research. Goldman Sachs maintained it with “Sell” rating and GBX 775 target price in Wednesday, September 16 report. Bryan Garnier & Cie maintained Pennon Group plc (LON:PNN) on Friday, November 27 with “Neutral” rating. Goldman Sachs maintained the shares of PNN in a report on Friday, August 21 with “Sell/Neutral” rating. The firm has “Underperform” rating by Credit Suisse given on Wednesday, August 26. On Monday, November 9 the stock rating was upgraded by BNP Paribas to “Outperform”. Morgan Stanley maintained Pennon Group plc (LON:PNN) on Friday, November 27 with “Equalwt/Cautious” rating. The company was maintained on Wednesday, September 7 by Deutsche Bank.

About 225,059 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 22.07 P/E ratio. The Company’s divisions include Water and Waste management.

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