Trade Report: The Pennon Group plc’s (PNN) Buy Rating Reiterate at Beaufort Securities

The Pennon Group plc’s (PNN) Buy Rating Reiterate at Beaufort Securities

Pennon Group plc (LON:PNN)‘s stock had its “buy” rating reaffirmed by research analysts at Beaufort Securities in a note issued to investors on Monday.

A number of other equities research analysts have also issued reports on PNN. HSBC cut their target price on shares of Pennon Group plc from GBX 990 ($12.37) to GBX 910 ($11.37) and set a “buy” rating on the stock in a research note on Monday, November 21st. Deutsche Bank AG restated 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. Investec upgraded shares of Pennon Group plc to a “buy” rating and upped their target price for the company from GBX 840 ($10.49) to GBX 920 ($11.49) in a research note on Wednesday, October 19th. Societe Generale upped their target price on shares of Pennon Group plc from GBX 840 ($10.49) to GBX 875 ($10.93) and gave the company a “hold” rating in a research note on Friday, September 23rd. Finally, JPMorgan Chase & Co. restated 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. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Pennon Group plc currently has an average rating of “Hold” and an average target price of GBX 877.31 ($10.96).

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

The company also recently declared a dividend, which will be paid on Tuesday, April 4th. Shareholders 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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