# Pennon Group plc 61.5% potential upside indicated by Barclays

- Link: https://www.directorstalkinterviews.com/pennon-group-plc-61.5-potential-upside-indicated-by-barclays/4121130373
- Published: 2023-10-20T14:54:12+01:00
- Author: Charlotte Edwards

**Pennon Group plc** with ticker (LON:PNN) now has a potential upside of 61.5% according
to Barclays.
Barclays set a target price of 1,090 GBX for the company, which when
compared to the Pennon Group plc share price of 675 GBX at opening today (20/10/
2023) indicates a potential upside of 61.5%. Trading has ranged between 533 (52 
week low) and 1,013 (52 week high) with an average of 854,196 shares exchanging 
hands daily. The market capitalisation at the time of writing is £1,756,120,128.
Pennon Group plc is focused on the provision of essential utility services and environmental
infrastructure. The Company’s business is operated through three principal subsidiaries:
South West Water Limited, Bristol Water Group and Pennon Water Services Limited.
Its core business includes water and wastewater, and water retail services. Its 
segments include water and non-household retail. The water segment comprises the
regulated water and wastewater services undertaken by Southwest Water and the regulated
water services undertaken by Bristol Water. The non-household retail business reflects
the services provided by Pennon Water Services. It provides water and wastewater
services in Devon, Cornwall and parts of Dorset and Somerset and water only services
in parts of Dorset, Hampshire, Wiltshire, Bristol City, North Somerset and areas
of Bath, Northeast Somerset and South Gloucestershire. It provides water retail 
services to non-household customer accounts across Great Britain.

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