Trade Report: The JPMorgan Chase & Co. Reaffirmed Neutral Rating for Pennon Group plc (PNN)

The JPMorgan Chase & Co. Reaffirmed Neutral Rating for Pennon Group plc (PNN)

Pennon Group plc (LON:PNN)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Monday. They presently have a GBX 900 ($11.24) price target on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 10.16% from the company’s previous close.

PNN has been the subject of several other research reports. Credit Suisse Group AG reiterated an “underperform” rating and issued a GBX 790 ($9.87) price objective on shares of Pennon Group plc in a research report on Friday, September 9th. Investec upgraded Pennon Group plc to a “buy” rating and boosted their price objective for the company from GBX 840 ($10.49) to GBX 920 ($11.49) in a research report on Wednesday, October 19th. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 900 ($11.24) price objective on shares of Pennon Group plc in a research report on Wednesday, September 7th. Beaufort Securities reiterated a “buy” rating on shares of Pennon Group plc in a research report on Thursday, September 22nd. Finally, HSBC reiterated a “buy” rating and issued a GBX 990 ($12.37) price objective on shares of Pennon Group plc in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Pennon Group plc presently has a consensus rating of “Hold” and a consensus price target of GBX 877.31 ($10.96).

Shares of Pennon Group plc (LON:PNN) opened at 825.00 on Monday. The company has a 50-day moving average of GBX 818.39 and a 200 day moving average of GBX 860.50. Pennon Group plc has a 52-week low of GBX 761.00 and a 52-week high of GBX 958.00. The firm’s market cap is GBX 3.40 billion.

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

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