The stock of Pennon Group plc (LON:PNN) hit a new 52-week low and has GBX 737.39 target or 5.00% below today’s GBX 776.20 share price. The 9 months bearish chart indicates high risk for the GBX 3.21 billion company. The 1-year low was reported on Nov, 15 by Barchart.com. If the GBX 737.39 price target is reached, the company will be worth GBX 160.50M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 0.80% or GBX 6.2 on November 15, hitting GBX 776.2. About 1.73M shares traded hands or 33.08% up from the average. Pennon Group plc (LON:PNN) has declined 5.42% since April 18, 2016 and is downtrending. It has underperformed by 9.35% the S&P500.
Pennon Group plc (LON:PNN) Ratings Coverage
Out of 17 analysts covering Pennon Group PLC (LON:PNN), 9 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 53% are positive. Pennon Group PLC has been the topic of 91 analyst reports since July 31, 2015 according to StockzIntelligence Inc. As per Tuesday, November 15, the company rating was maintained by Deutsche Bank. The rating was maintained by BNP Paribas on Monday, June 13 with “Outperform”. The company was maintained on Friday, September 23 by Societe Generale. Societe Generale maintained the shares of PNN in a report on Monday, February 15 with “Hold” rating. The firm earned “Equal Weight” rating on Monday, October 5 by Morgan Stanley. Macquarie Research maintained the shares of PNN in a report on Monday, November 30 with “Outperform” rating. On Monday, February 29 the stock rating was maintained by Societe Generale with “Hold”. Societe Generale maintained it with “Hold” rating and GBX 810 target price in Wednesday, December 2 report. The firm earned “Neutral” rating on Thursday, October 8 by Credit Suisse. The rating was maintained by Deutsche Bank on Friday, December 11 with “Buy”.
Another recent and important Pennon Group plc (LON:PNN) news was published by Fool.Co.Uk which published an article titled: “How Pennon Group plc (3.91%) could soon yield more than GlaxoSmithKline plc (5 …” on May 26, 2016.
Pennon Group Plc is an environmental infrastructure company. The company has a market cap of 3.21 billion GBP. The Firm operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. It has a 21.07 P/E ratio. The Company’s divisions include Water and Waste management.
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