Pennon Group plc .5% potential upside indicated by JP Morgan

Broker Ratings

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

JP Morgan set a target price of 1,175 GBX for the company, which when compared to the Pennon Group plc share price of 1,169 GBX at opening today (27/10/2021) indicates a potential upside of .5%. Trading has ranged between 1,119 (52 week low) and 2,628 (52 week high) with an average of 1,140,272 shares exchanging hands daily. The market capitalisation at the time of writing is £3,225,944,292.

Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited and Bournemouth Water Limited. The Company is engaged in the water and wastewater businesses. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited. South West Water Limited is engaged in providing water and wastewater services for Devon, Cornwall and parts of Dorset and Somerset. Bournemouth Water Limited is engaged in providing the water services for parts of Dorset, Hampshire and Wiltshire.

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