Pennon Group (PNN) Rating Reiterated by Deutsche Bank

Deutsche Bank reiterated their hold rating on shares of Pennon Group (LON:PNN) in a research report sent to investors on Thursday morning. They currently have a GBX 840 ($11.31) target price on the stock.

Several other equities analysts have also weighed in on PNN. Macquarie reaffirmed an outperform rating and issued a GBX 920 ($12.38) price objective on shares of Pennon Group in a research note on Thursday, August 31st. reiterated a buy rating and set a GBX 960 ($12.92) target price on shares of Pennon Group in a report on Wednesday, September 13th. Beaufort Securities reiterated a buy rating on shares of Pennon Group in a report on Tuesday, September 26th. J P Morgan Chase & Co raised their target price on Pennon Group from GBX 840 ($11.31) to GBX 860 ($11.57) and gave the company a neutral rating in a report on Thursday, October 26th. Finally, Credit Suisse Group reiterated an underperform rating and set a GBX 710 ($9.56) target price on shares of Pennon Group in a report on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 861 ($11.59).

Pennon Group (LON PNN) opened at GBX 790 ($10.63) on Thursday. Pennon Group has a 52 week low of GBX 752.50 ($10.13) and a 52 week high of GBX 947.23 ($12.75).

The business also recently announced a dividend, which will be paid on Wednesday, April 4th. Investors of record on Thursday, January 25th will be issued a dividend of GBX 11.97 ($0.16) per share. The ex-dividend date is Thursday, January 25th. This represents a dividend yield of 1.54%.

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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)

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