Pennon Group Plc (LON:PNN – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 494.73 and traded as high as GBX 543. Pennon Group shares last traded at GBX 541, with a volume of 703,416 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the company. Citigroup lowered Pennon Group to a “neutral” rating and upped their price target for the stock from GBX 539 to GBX 542 in a report on Monday, November 3rd. Barclays reiterated an “overweight” rating and set a GBX 670 target price on shares of Pennon Group in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Pennon Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 606.
Pennon Group Trading Up 0.4%
Pennon Group (LON:PNN – Get Free Report) last released its earnings results on Thursday, November 27th. The company reported GBX 14 EPS for the quarter. Pennon Group had a negative return on equity of 0.88% and a negative net margin of 1.05%. Analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current year.
About Pennon Group
At the top end of the FTSE 250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive.
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