The Deutsche Bank AG Reaffirmed Buy Rating for Pennon Group plc (PNN)

The Deutsche Bank AG Reaffirmed Buy Rating for Pennon Group plc (PNN)

Pennon Group plc (LON:PNN)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a research note issued on Monday.

PNN has been the subject of a number of other research reports. Credit Suisse Group AG reissued an “underperform” rating and set a GBX 790 ($9.87) target price on shares of Pennon Group plc in a report on Friday, September 9th. Investec raised Pennon Group plc to a “buy” rating and increased their price target for the company from GBX 840 ($10.49) to GBX 920 ($11.49) in a report on Wednesday, October 19th. Beaufort Securities reaffirmed a “buy” rating on shares of Pennon Group plc in a report on Thursday, September 22nd. HSBC reaffirmed a “buy” rating and issued a GBX 990 ($12.37) price target on shares of Pennon Group plc in a report on Tuesday, September 13th. Finally, Citigroup Inc. raised Pennon Group plc to a “neutral” rating in a report on Wednesday, November 16th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 877.31 ($10.96).

Shares of Pennon Group plc (LON:PNN) opened at 825.00 on Monday. The company’s market capitalization is GBX 3.40 billion. Pennon Group plc has a 12 month low of GBX 761.00 and a 12 month high of GBX 958.00. The firm’s 50-day moving average price is GBX 818.39 and its 200-day moving average price is GBX 860.50.

The company also recently declared a dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Thursday, February 2nd will be given a dividend of GBX 11.09 ($0.14) per share. The ex-dividend date of this dividend is Thursday, February 2nd. This represents a dividend yield of 1.36%.

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