Pennon Group plc -.5% potential downside indicated by JP Morgan

Pennon Group plc with ticker (LON:PNN) now has a potential downside of -.5% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 1,200 GBX for the company, which when compared to the Pennon Group plc share price of 1,206 GBX at opening today (02/12/2021) indicates a potential downside of -.5%. Trading has ranged between 1,119 (52 week low) and 2,628 (52 week high) with an average of 900,107 shares exchanging hands daily. The market capitalisation at the time of writing is £3,286,908,666.

Pennon Group plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited and Bournemouth Water Limited. South West Water Limited includes the integrated water companies of South West Water and Bournemouth Water, which provides water and wastewater services in Devon, Cornwall and parts of Dorset and Somerset and water-only services in parts of Dorset, Hampshire and Wiltshire. The Company also holds an interest in Pennon Water Services Limited, a company providing water and wastewater retail services to non-household customer accounts across Great Britain.