Pennon Group plc 17.9% Potential Upside Indicated by HSBC

Broker Ratings
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Pennon Group plc with EPIC/TICKER (LON:PNN) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Pennon Group plc are listed in the Utilities sector within UK Main Market. HSBC have set their target price at 1300 GBX on its stock. This indicates the analyst now believes there is a potential upside of 17.9% from the opening price of 1102.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 100 points and increased 73 points respectively. The 52 week high share price is 1210.5 GBX while the 52 week low for the stock is 693.4 GBX.

Pennon Group plc has a 50 day moving average of 1,127.34 GBX and a 200 Day Moving Average share price is recorded at 913.69. There are currently 421,018,246 shares in issue with the average daily volume traded being 1,650,533. Market capitalisation for LON:PNN is £4,382,799,940 GBP.

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