Deutsche Bank retained Pennon Group PLC (LON:PNN) to Buy in a statement released earlier today.
- Updated: November 27, 2016
Deutsche Bank has retained Pennon Group PLC (LON:PNN) to Buy in a statement released on 11/28/2016.
On Monday November 21, 2016, HSBC released a statement on Pennon Group PLC (LON:PNN) dropped the target price from 990.00GBX to 910.00GBX that suggested an upside of 0.13%.
Having a price of 825.00GBX, Pennon Group PLC (LON:PNN) traded 0.80% higher on the day. With the last close down -4.30% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. PNN has recorded a 50-day average of 818.39GBX and a two hundred day average of 860.50GBX. Trading volume was down over the average, with 51,871 shares of PNN changing hands under the typical 1,166,610
Recent Performance Chart
Pennon Group PLC has 52 week low of 761.00GBX and a 52 week high of 958.00GBX with a PE ratio of 22.32 and has a market capitalization of 0 GBX.
In addition to Deutsche Bank reporting its stock price target, a total of 15 brokers have issued a research note on the company. The average stock price target is 852.33GBX with 0 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 4 brokers rating the stock a hold, 4 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.
Brief Synopsis On Pennon Group PLC (LON:PNN)
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. The waste management business is the waste recycling and recovery services provided by Viridor Limited. South West Water Limited is engaged in providing water and wastewater services for Devon, Cornwall and parts of Dorset and Somerset. Bournemouth Water Limited is engaged in providing the water services for parts of Dorset, Hampshire and Wiltshire. Viridor Limited is a recycling, energy recovery and waste management company, providing services to over 150 local authorities and corporate clients, as well as over 32,000 customers across the United Kingdom.
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