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Pennon Group (PNN) Stock Forecast & Price Target

GBX 663.79
-1.21 (-0.18%)
(As of 07:13 AM ET)

Pennon Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 4 Wall Street analysts who have issued ratings for Pennon Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 2 have given a hold rating, and 2 have given a buy rating for PNN.

Consensus Price Target

GBX 856.67
High ForecastGBX 1,030
Average ForecastGBX 856.67
Low ForecastGBX 710

According to the 4 analysts' twelve-month price targets for Pennon Group, the average price target is GBX 856.67. The highest price target for PNN is GBX 1,030, while the lowest price target for PNN is GBX 710. The average price target represents a forecasted upside of 29.06% from the current price of GBX 663.79.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 856.67GBX 855GBX 950GBX 1,000.83
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PNN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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PNN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Pennon Group Stock vs. The Competition

TypePennon GroupUtilities Companies
Consensus Rating Score
2.50
2.46
Consensus RatingModerate BuyHold
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/5/2024JPMorgan Chase & Co.
3 of 5 stars
 Reiterated RatingNeutral
5/14/2024Morgan Stanley
3 of 5 stars
 Reiterated RatingEqual Weight
5/7/2024Barclays
2 of 5 stars
 Lower TargetOverweightGBX 1,060 ➝ GBX 1,030+45.23%
4/11/2024Jefferies Financial Group
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 Reiterated RatingBuyGBX 830+28.78%
6/2/2023Deutsche Bank Aktiengesellschaft
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 Lower TargetHoldGBX 840 ➝ GBX 780+1.69%
3/20/2023Credit Suisse Group
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 Reiterated RatingNeutralGBX 900+4.05%
2/13/2023Royal Bank of Canada
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 DowngradeSector PerformGBX 975+7.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:32 AM ET.

PNN Forecast - Frequently Asked Questions

What is Pennon Group's forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Pennon Group is GBX 856.67, with a high forecast of GBX 1,030 and a low forecast of GBX 710.

Should I buy or sell Pennon Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennon Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PNN shares.

Does Pennon Group's stock price have much upside?

According to analysts, Pennon Group's stock has a predicted upside of 25.94% based on their 12-month stock forecasts.

What analysts cover Pennon Group?

Pennon Group has been rated by research analysts at Barclays, JPMorgan Chase & Co., and Morgan Stanley in the past 90 days.

Do Wall Street analysts like Pennon Group more than its competitors?

Analysts like Pennon Group more than other "utilities" companies. The consensus rating for Pennon Group is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how PNN compares to other companies.


This page (LON:PNN) was last updated on 7/19/2024 by MarketBeat.com Staff

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