Brokerages Set Pennon Group plc (PNN) Target Price at $822.38
Pennon Group plc (LON:PNN) has been given a consensus rating of “Hold” by the eleven research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 822.38 ($10.49).
PNN has been the subject of several research reports. Deutsche Bank reissued a “buy” rating on shares of Pennon Group in a research report on Friday, July 27th. UBS Group boosted their price objective on shares of Pennon Group from GBX 752 ($9.59) to GBX 820 ($10.46) and gave the company a “buy” rating in a research report on Thursday, August 9th.
Pennon Group stock traded up GBX 8 ($0.10) during trading hours on Tuesday, hitting GBX 780 ($9.95). The company had a trading volume of 472,637 shares, compared to its average volume of 1,760,000. Pennon Group has a 1 year low of GBX 600.23 ($7.66) and a 1 year high of GBX 947.23 ($12.08).
The firm also recently declared a dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Thursday, July 5th will be given a GBX 26.62 ($0.34) dividend. This represents a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, July 5th. This is a boost from Pennon Group’s previous dividend of $11.97.
Pennon Group Company Profile
Pennon Group Plc engages in the environmental infrastructure businesses worldwide. The company operates through Water, and Waste Management segments. The Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset serving 1.7 million customers; and water services in the areas of Dorset, Hampshire, and Wiltshire serving approximately 0.5 million customers.
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