JPMorgan Chase & Co. restated their neutral rating on shares of Pennon Group plc (LON:PNN) in a research report sent to investors on Monday morning. They currently have a GBX 900 ($11.16) price target on the stock.
A number of other research firms have also commented on PNN. Citigroup Inc. raised shares of Pennon Group plc to a neutral rating in a research report on Wednesday, November 16th. Beaufort Securities reaffirmed a buy rating on shares of Pennon Group plc in a research report on Thursday, September 22nd. Credit Suisse Group AG raised shares of Pennon Group plc to a neutral rating and raised their price target for the stock from GBX 790 ($9.80) to GBX 800 ($9.92) in a research report on Wednesday, November 9th. BNP Paribas reiterated 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. Finally, HSBC reduced their price objective on shares of Pennon Group plc from GBX 990 ($12.28) to GBX 910 ($11.29) and set a buy rating on the stock in a research note on Monday, November 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 877.31 ($10.88).
Pennon Group plc (LON:PNN) opened at 819.00 on Monday. The company’s market capitalization is GBX 3.37 billion. Pennon Group plc has a 52 week low of GBX 761.00 and a 52 week high of GBX 958.00. The firm has a 50 day moving average of GBX 817.71 and a 200-day moving average of GBX 861.51.
The firm also recently announced a dividend, which will be paid on Tuesday, April 4th. Investors 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 yield of 1.36%.