In a report released on September 6, Juan Rodriguez from Kepler Capital maintained a Hold rating on Pennon Group plc (PNN – Research Report), with a price target of p650.00. The company’s shares closed last Friday at p632.00.
According to TipRanks, Rodriguez is a 4-star analyst with an average return of 4.8% and a 51.56% success rate.
Pennon Group plc has an analyst consensus of Hold, with a price target consensus of p732.36.
The company has a one-year high of p775.00 and a one-year low of p532.83. Currently, Pennon Group plc has an average volume of 888.1K.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PNN in relation to earlier this year.
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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.
