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Investec upgraded Pennon Group PLC (LON:PNN) to Buy in a report released today.

Yesterday Pennon Group PLC (LON:PNN) traded -0.36% lower at 845.50GBX. The company’s 50-day moving average is 874.55GBX and its 200-day moving average is 860.34GBX. The last closing price is down -2.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 227,323 shares of the stock were exchanged, down from an average trading volume of 960,394

Investec has upgraded Pennon Group PLC (LON:PNN) to Buy in a report released on 10/19/2016.

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Pennon Group PLC (LON:PNN)

Pennon Group PLC has a 52 week low of 762.50GBX and a 52 week high of 958.00GBX with a P/E ratio of 22.80 The company’s market cap is currently 0 GBX.

In addition to Investec reporting its target price, a total of 15 brokers have issued a report on the stock. The consensus target price is 852.33GBX with 0 firms 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 one analyst rating the company a sell.

More About 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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