Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
An announcement from Pennon Group plc ( (GB:PNN) ) is now available.
Ofwat has announced its findings for South West Water as part of a sector-wide investigation into wastewater activities. South West Water has agreed to an enforcement package worth £24 million, which includes investments to reduce environmental spills, tackle sewer misuse, and support environmental recovery, instead of facing a financial penalty. These measures are expected to improve customer service and environmental outcomes, aligning with the company’s broader plans to address storm overflows and enhance water quality.
The most recent analyst rating on (GB:PNN) stock is a Buy with a £7.40 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.
Pennon Group’s stock score reflects mixed financial performance with revenue growth but profitability challenges. Positive factors include strong regulatory achievements and strategic investments, while valuation concerns and mixed technical indicators weigh on the score.
To see Spark’s full report on GB:PNN stock, click here.
More about Pennon Group plc
Pennon Group plc operates in the utilities industry, primarily focusing on water and wastewater services. The company is known for its significant market presence in the UK, particularly through its subsidiary, South West Water, which provides water and wastewater services to the South West of England.
Average Trading Volume: 1,235,247
Technical Sentiment Signal: Sell
Current Market Cap: £2.27B
For a thorough assessment of PNN stock, go to TipRanks’ Stock Analysis page.