JPMorgan Chase downgraded shares of Pennon Group (LON: PNN) to a neutral rating in a report issued on Wednesday. They currently have $10.90 (703 GBX) target price on the stock, up from their previous target price of $10.51 (678 GBX).
PNN has been the subject of a number of other recent research reports. Analysts at Goldman Sachs raised their price target on shares of Pennon Group from $10.50 to $10.57 in a research note to investors on Monday. They now have a sell rating on the stock. Separately, analysts at RBC Capital reiterated an outperform rating on shares of Pennon Group in a research note to investors on Friday, February 8th. They now have a $11.94 price target on the stock. Finally, analysts at RBC Capital reiterated an outperform rating on shares of Pennon Group in a research note to investors on Thursday, January 31st. They now have a $12.00 price target on the stock.
Pennon Group traded down 1.07% on Wednesday, hitting GBX 648.00. Pennon Group has a 52-week low of GBX 589.00 and a 52-week high of GBX 797.00. The stock’s 50-day moving average is currently GBX 735.4. The company’s market cap is £2.346 billion.
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