Published On: Sat, Sep 17th, 2016

Pennon Group plc (PNN) Given “Outperform” Rating at BNP Paribas

Pennon Group plc (LON:PNN)‘s stock had its “outperform” rating restated by analysts at BNP Paribas in a report issued on Tuesday. They currently have a GBX 950 ($12.65) price objective on the stock. BNP Paribas’ price objective would indicate a potential upside of 8.51% from the stock’s current price.
A number of other analysts have also recently issued reports on PNN. Deutsche Bank AG reissued a “buy” rating and issued a GBX 900 ($11.99) target price on shares of Pennon Group plc in a research report on Wednesday, September 7th. HSBC reissued a “buy” rating and issued a GBX 990 ($13.19) target price on shares of Pennon Group plc in a research report on Tuesday, July 5th. Finally, JPMorgan Chase & Co. upped their target price on Pennon Group plc from GBX 800 ($10.66) to GBX 850 ($11.32) and gave the company a “neutral” rating in a research report on Thursday, May 26th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Pennon Group plc presently has a consensus rating of “Hold” and an average price target of GBX 863.29 ($11.50).
Shares of Pennon Group plc (LON:PNN) traded down 0.11% on Tuesday, reaching GBX 875.50. The company had a trading volume of 1,804,119 shares. Pennon Group plc has a 52 week low of GBX 712.00 and a 52 week high of GBX 958.00. The firm’s market capitalization is GBX 3.61 billion. The company’s 50-day moving average price is GBX 887.65 and its 200 day moving average price is GBX 849.91.

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In other news, insider HAGUE,H P. BARRETT acquired 1,783 shares of the company’s stock in a transaction that occurred on Tuesday, June 21st. The stock was purchased at an average cost of GBX 832 ($11.08) per share, with a total value of £14,834.56 ($19,758.34). Also, insider Loughlin,Christopher sold 16,040 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of GBX 882 ($11.75), for a total value of £141,472.80 ($188,429.41).
About Pennon Group plc
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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