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Home / Momentum / Pennon (PNN.L) 06-03-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Pennon (PNN.L) 06-03-20

Will shares in Pennon (PNN.L) continue to push upwards, reaching new highs?

 

  • Now trading at 1153p (at time of writing), the share price momentum has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Shares -4% from 12-month highs; +65% from 12 month lows.

Latest News

25 Feb:  Goldman Sachs reiterates its buy rating on Pennon Group (PNN) and increased the target price to 1185p (from 1119p).

18 Feb:  JP Morgan Cazenove reiterates its neutral rating on Pennon Group (PNN) and increased the target price to 1125p (from 760p).

14 Feb:  Pennon, the water utility group, announced that it had accepted a UK regulator’s decision for its South West Water business, including allowance for total expenses of approximately £2bn.

11 Feb:  Jefferies International reiterates its hold rating on Pennon Group (PNN) and increased the target price to 1090p (from 740p).

03 Feb:  Deutsche Bank reiterates its buy rating on Pennon Group (PNN) and increased the target price to 1170p (from 1080p).

17 Jan:  RBC Capital Markets reiterates its outperform rating on Pennon Group (PNN) and increased the target price to 1200p (from 875p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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