Pennon Group plc 18.7% Potential Decrease Indicated by Exane BNP Paribas

Broker Ratings
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Pennon Group plc using EPIC/TICKER code (LON:PNN) had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘UNDERPERFORM’ this morning by analysts at Exane BNP Paribas. Pennon Group plc are listed in the Utilities sector within UK Main Market. Exane BNP Paribas have set a target price of 750 GBX on its stock. This now indicates the analyst believes there is a potential downside of -18.7% from the opening price of 923 GBX. Over the last 30 and 90 trading days the company share price has increased 37.8 points and increased 149.6 points respectively. The 52 week high for the stock is 959 GBX while the 52 week low is 679.48 GBX.

Pennon Group plc has a 50 day moving average of 892.06 GBX and the 200 Day Moving Average price is recorded at 788.04. There are currently 420,952,863 shares in issue with the average daily volume traded being 1,307,892. Market capitalisation for LON:PNN is £3,865,189,239 GBP.

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