Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Pennon Group plc ( (GB:PNN) ) has shared an announcement.
Pennon Group plc has announced the publication of a Supplementary Prospectus related to its GBP 2.5 billion Euro Medium Term Note Programme. This update is crucial for stakeholders as it reflects the company’s ongoing financial strategies and commitments, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (GB:PNN) stock is a Buy with a £630.00 price target. To see the full list of analyst forecasts on Pennon Group plc stock, see the GB:PNN Stock Forecast page.
Spark’s Take on GB:PNN Stock
According to Spark, TipRanks’ AI Analyst, GB:PNN is a Neutral.
The overall stock score is driven by strong technical indicators and positive earnings call sentiment, despite financial performance challenges and high valuation concerns. The company’s revenue growth and operational successes are significant positives, but profitability and leverage issues need addressing.
To see Spark’s full report on GB:PNN stock, click here.
More about Pennon Group plc
Pennon Group plc operates in the utilities sector, focusing primarily on water and wastewater services through its subsidiary, South West Water. The company is a key player in the UK water industry, providing essential services to millions of customers in the South West region.
Average Trading Volume: 1,039,188
Technical Sentiment Signal: Buy
Current Market Cap: £2.6B
For a thorough assessment of PNN stock, go to TipRanks’ Stock Analysis page.