Stock analysts at Goldman Sachs Group initiated coverage on shares of Pennon Group (LON:PNN) in a research note issued to investors on Friday. The brokerage set a “neutral” rating and a GBX 749 ($10.16) price target on the stock. Goldman Sachs Group’s price target indicates a potential upside of 3.00% from the stock’s current price.
Several other research analysts also recently commented on PNN. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 870 ($11.80) price target on shares of Pennon Group in a research report on Friday, October 6th. JPMorgan Chase & Co. lifted their price target on Pennon Group from GBX 840 ($11.39) to GBX 860 ($11.66) and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Credit Suisse Group reaffirmed an “underperform” rating and issued a GBX 710 ($9.63) price target on shares of Pennon Group in a research report on Thursday, November 2nd. Finally, Barclays reaffirmed an “underweight” rating on shares of Pennon Group in a research report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Pennon Group has a consensus rating of “Hold” and an average price target of GBX 852.90 ($11.57).
Pennon Group (LON PNN) opened at GBX 727.20 ($9.86) on Friday. The company has a market capitalization of $3,050.00 and a P/E ratio of 1,652.73. Pennon Group has a 1 year low of GBX 720.40 ($9.77) and a 1 year high of GBX 947.23 ($12.85).
About Pennon Group
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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