Deutsche Bank Reports That They Have Upgraded Pennon Group PLC (LON:PNN) Shares

May 16, 2018 - By Robert Crowder

Pennon Group Plc (LON:PNN) Logo

Pennon Group PLC (LON:PNN) Stock Upgrade

In analysts report revealed to investors on 16 May, Deutsche Bank announced that they have decided to upgrade Pennon Group PLC (LON:PNN) shares to a “Buy”.

Pennon Group Plc (LON:PNN) Ratings Coverage

Among 6 analysts covering Pennon Group PLC (LON:PNN), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Pennon Group PLC has GBX 860 highest and GBX 690 lowest target. GBX 786.50’s average target is 10.71% above currents GBX 710.4 stock price. Pennon Group PLC had 10 analyst reports since November 30, 2017 according to SRatingsIntel. The firm earned “Equal Weight” rating on Tuesday, March 6 by Morgan Stanley. The stock of Pennon Group Plc (LON:PNN) has “Hold” rating given on Wednesday, December 6 by Deutsche Bank. The firm has “Buy” rating given on Tuesday, March 27 by HSBC. The rating was maintained by Deutsche Bank on Thursday, December 14 with “Hold”. Credit Suisse maintained the shares of PNN in report on Friday, March 23 with “Underperform” rating. On Thursday, December 7 the stock rating was maintained by JP Morgan with “Neutral”. The firm has “Overweight” rating by JP Morgan given on Friday, March 9. Deutsche Bank upgraded Pennon Group Plc (LON:PNN) on Wednesday, May 16 to “Buy” rating. JP Morgan maintained it with “Neutral” rating and GBX 860 target in Thursday, November 30 report.

The stock increased 0.20% or GBX 1.4 during the last trading session, reaching GBX 710.4. About 402,871 shares traded. Pennon Group Plc (LON:PNN) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Pennon Group Plc engages in the environmental infrastructure businesses worldwide. The company has market cap of 2.98 billion GBP. The firm operates through Water, and Waste Management divisions. It has a 16.26 P/E ratio. The Water segment comprises the regulated water and wastewater services for clients 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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