Pennon Group plc with ticker (LON:PNN) now has a potential upside of 28.5% according to Jefferies.
Jefferies set a target price of 830 GBX for the company, which when compared to the Pennon Group plc share price of 646 GBX at opening today (19/04/2024) indicates a potential upside of 28.5%. Trading has ranged between 533 (52 week low) and 878 (52 week high) with an average of 927,459 shares exchanging hands daily. The market capitalisation at the time of writing is £1,866,410,347.
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.
Pennon Group plc 28.5% potential upside indicated by Jefferies
- Written by: Charlotte Edwards
Latest Company News
Pennon Group has reported a statutory profit before tax of £65.9 million for the half year to 30 September 2025, supported by higher revenue, disciplined cost control and progress in reducing pollution incidents.
Pennon Group has appointed Sir Andrew Haines, former Chief Executive of Network Rail, as a Non-Executive Director from 1 November 2025.
Pennon Group has named Keith Haslett, current CEO of Affinity Water, as its next Chief Executive Officer and Executive Director. He will join in 2026, succeeding Susan Davy who is retiring after 18 years with the company.
Pennon has reported a strong return to profitability for the period 1 April to 25 September 2025, with EBITDA expected to rise by around 60% year on year. The Company remains on track to deliver its 7% RORE target, supported by efficient financing and programme efficiencies.
Pennon Group plc has reported its full-year results for 2025, showcasing resilience amid challenges. CEO Susan Davy highlights substantial investments and customer-focused initiatives.
Pennon Group Plc announces the appointment of Andrea Blance as Non-Executive Director and Remuneration Committee Chair, effective April 8, 2025, enhancing its leadership team.
