Pennon Group (LON:PNN)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 745 ($12.09) target price on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 17.05% from the company’s current price.
Shares of Pennon Group (LON:PNN) opened at 636.50 on Tuesday. Pennon Group has a 1-year low of GBX 597.00 and a 1-year high of GBX 729.00. The stock’s 50-day moving average is GBX 672.5 and its 200-day moving average is GBX 682.1. The company’s market cap is £2.318 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Pennon Group in a research note to investors on Monday. They now have a GBX 610 ($9.90) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Pennon Group in a research note to investors on Friday. They now have a GBX 780 ($12.66) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Pennon Group in a research note to investors on Wednesday, November 20th. They now have a GBX 720 ($11.69) price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 701.55 ($11.39).
Pennon Group Plc and its subsidiaries are engaged in the provision of water and sewerage services, waste management, recycling and renewable energy.
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