Today, Pennon Group plc (PNN) Price Target Decreased to GBX 910 at HSBC

Today, Pennon Group plc (PNN) Price Target Decreased to GBX 910 at HSBC
Pennon Group plc (LON:PNN) had its price target decreased by HSBC from GBX 990 ($12.37) to GBX 910 ($11.37) in a research note released on Monday morning. HSBC currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on PNN. Credit Suisse Group AG reiterated an underperform rating and issued a GBX 815 ($10.18) price objective on shares of Pennon Group plc in a report on Wednesday, July 27th. Deutsche Bank AG reissued a buy rating and issued a GBX 900 ($11.24) target price on shares of Pennon Group plc in a research note on Wednesday, September 7th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 900 ($11.24) target price on shares of Pennon Group plc in a research note on Wednesday, September 7th. BNP Paribas reissued an outperform rating and issued a GBX 950 ($11.87) target price on shares of Pennon Group plc in a research note on Tuesday, September 13th. Finally, Beaufort Securities reissued a buy rating on shares of Pennon Group plc in a research note on Thursday, September 22nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 875 ($10.93).

Shares of Pennon Group plc (LON:PNN) opened at 810.00 on Monday. Pennon Group plc has a 1-year low of GBX 761.00 and a 1-year high of GBX 958.00. The stock’s 50 day moving average price is GBX 819.68 and its 200-day moving average price is GBX 860.58. The stock’s market capitalization is GBX 3.34 billion.

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