PENNON GROUP PLC ORD 40.7P – Consensus Indicates Potential -24.7% Downside

Broker Ratings

PENNON GROUP PLC ORD 40.7P found using the EPIC (LON:PNN) have now 10 analysts covering the company.The range between the high target price and low target price is between £8.50 and £6.5 and has a mean target at £7.65. Now with the previous closing price of £10.16 this now indicates there is a potential downside of -24.7%. The 50 day moving average now sits at £9.56 and the 200 day MA is £9.75. The company has a market capitalisation of £4b. Company Website: http://www.pennon-group.co.uk

Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company’s Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire. It operates 23 raw water reservoirs, 650 wastewater treatment works, 17,515 kilometers wastewater mains network, 18,370 kilometers of drinking water mains network, and 34 drinking water treatment works, as well as serves 2 million population. The company’s Waste Management segment provides recycling, energy recovery, and waste management services serving local authorities, as well as 34,000 customers. It operates 11 energy recovery facilities; 200 recycling, energy recovery, and waste management facilities; 6.7 million tonnes of waste materials; and 5.5 million tonnes of recycled or recovered materials. The company’s Non-Household Retail Business water and wastewater retail services to non-household customers. It serves 1.2 million businesses and other non-household customers. Pennon Group Plc was founded in 1989 and is based in Exeter, the United Kingdom.

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