Morgan Stanley analyst Sarah Lester maintained a Hold rating on Pennon Group plc (PNN – Research Report) today and set a price target of p760.00. The company’s shares opened today at p608.50.
Pennon Group plc has an analyst consensus of Hold, with a price target consensus of p689.70, which is a 13.34% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a £6.90 price target.
PNN market cap is currently £1.72B and has a P/E ratio of -43.82.
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Pennon Group plc (PNN) Company Description:
Pennon Group PLC is a British water and environmental utility infrastructure company that operates primarily in the United Kingdom. It has smaller operations in the European Union, China, and other countries. The company operates through Water, Non-household retail and other segments. The water business comprises the regulated water and wastewater services undertaken by South West Water. The non-household retail business comprises the services provided by Pennon Water Services in the non-household water and wastewater retail market. Majority of revenue is derived from the water division.
