Beaufort Securities reaffirmed their buy rating on shares of Pennon Group plc (LON:PNN) in a research note released on Monday.
A number of other brokerages have also recently commented on PNN. Citigroup Inc. upgraded Pennon Group plc to a neutral rating in a research note on Wednesday, November 16th. Credit Suisse Group AG upgraded Pennon Group plc to a neutral rating and boosted their price objective for the stock from GBX 790 ($9.80) to GBX 800 ($9.92) in a research note on Wednesday, November 9th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 900 ($11.16) price objective on shares of Pennon Group plc in a research note on Wednesday, September 7th. Deutsche Bank AG restated a buy rating on shares of Pennon Group plc in a research note on Monday. Finally, BNP Paribas restated an outperform rating and set a GBX 950 ($11.79) price objective on shares of Pennon Group plc in a research note on Tuesday, September 13th. Three equities 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’s stock. The company has an average rating of Hold and a consensus price target of GBX 877.31 ($10.88).
Pennon Group plc (LON:PNN) opened at 818.50 on Monday. The stock’s market cap is GBX 3.37 billion. Pennon Group plc has a 1-year low of GBX 761.00 and a 1-year high of GBX 958.00. The company’s 50-day moving average price is GBX 817.71 and its 200-day moving average price is GBX 861.51.
The business also recently announced a dividend, which will be paid on Tuesday, April 4th. Stockholders of record on Thursday, February 2nd will be issued a dividend of GBX 11.09 ($0.14) per share. This represents a dividend yield of 1.36%. The ex-dividend date is Thursday, February 2nd.