Pennon Group (PNN) Earns “Hold” Rating from Deutsche Bank

Pennon Group (LON:PNN)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank in a report issued on Monday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also recently commented on the stock. HSBC lifted their target price on shares of Pennon Group from GBX 840 ($10.98) to GBX 850 ($11.11) and gave the stock a “buy” rating in a research note on Monday, May 20th. JPMorgan Chase & Co. cut shares of Pennon Group to a “neutral” rating and decreased their price objective for the company from GBX 800 ($10.45) to GBX 780 ($10.19) in a research note on Tuesday, April 9th. Barclays lifted their price objective on shares of Pennon Group from GBX 820 ($10.71) to GBX 830 ($10.85) and gave the company an “equal weight” rating in a research note on Friday, April 5th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 825 ($10.78) price objective on shares of Pennon Group in a research note on Monday, March 25th. Finally, Goldman Sachs Group lifted their price objective on shares of Pennon Group from GBX 761 ($9.94) to GBX 797 ($10.41) and gave the company a “neutral” rating in a research note on Thursday, January 31st. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 805.88 ($10.53).

PNN stock opened at GBX 703.80 ($9.20) on Monday. The company has a market capitalization of $2.96 billion and a P/E ratio of 13.64. The company has a quick ratio of 1.41, a current ratio of 1.86 and a debt-to-equity ratio of 216.55. Pennon Group has a 52 week low of GBX 681 ($8.90) and a 52 week high of GBX 814.60 ($10.64).

Pennon Group Company Profile

Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.

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Analyst Recommendations for Pennon Group (LON:PNN)

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