Pennon Group (PNN) Coverage Initiated by Analysts at Goldman Sachs Group

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).

In other news, insider Helen Barrett-Hague sold 263 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of GBX 765 ($10.37), for a total transaction of £2,011.95 ($2,728.44). Over the last 90 days, insiders have bought 58 shares of company stock worth $44,629.

COPYRIGHT VIOLATION WARNING: “Pennon Group (PNN) Coverage Initiated by Analysts at Goldman Sachs Group” was originally posted by BBNS and is owned by of BBNS. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/pennon-group-pnn-coverage-initiated-by-analysts-at-goldman-sachs-group/1872480.html.

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.

Analyst Recommendations for Pennon Group (LON:PNN)

Receive News & Ratings for Pennon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennon Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Three-Way Trade Sends Souza to Diamondbacks and Drury to Yankees
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped


Leave a Reply

 
© 2006-2018 BBNS.