Pennon Group plc 43.5% potential upside indicated by Barclays

Pennon Group plc with ticker (LON:PNN) now has a potential upside of 43.5% according to Barclays.



Barclays set a target price of 1,030 GBX for the company, which when compared to the Pennon Group plc share price of 718 GBX at opening today (17/05/2024) indicates a potential upside of 43.5%. Trading has ranged between 533 (52 week low) and 855 (52 week high) with an average of 821,794 shares exchanging hands daily. The market capitalisation at the time of writing is £2,052,334,847.

Pennon Group plc is a United Kingdom-based company, which is engaged in providing environmental infrastructure and customer services. The Company’s business is operated through two principal subsidiaries. Southwest Water Limited, providing water and wastewater services in Devon, Cornwall and parts of Dorset and Somerset and water only services in parts of Dorset, Hampshire, Wiltshire, and Bristol. Through Southwest Water, Bristol Water and Bournemouth Water, the Company is focused on providing water and wastewater services. Pennon Water Services is a business-to-business (B2B) water specialist providing water retail services for business customers’ water management needs. The Company operates through two segments: Water segment, and Non-household retail business segment. The water segment comprises the regulated water and wastewater services undertaken by Southwest Water. The non-household retail business reflects the services provided by Pennon Water Services.