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Share Price Information for Pennon (PNN)

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Share Price: 606.00

Bid: 605.00

Ask: 606.50

Change: -12.00 (-1.94%)

Spread: 1.50 (0.248%)

Open: 608.50

High: 615.50

Low: 604.00

Prev. Close: 618.00

Last checked at -

BROKER RATINGS: BofA, Barclays and Goldman start Dr Martens coverage

Thu, 11th Mar 2021 09:40

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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FTSE 100

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BANK OF AMERICA RAISES M&G TO 'BUY' ('NEUTRAL') - TARGET 242 (209) PENCE

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JEFFERIES CUTS AVIVA TO 'HOLD' ('BUY') - TARGET 425 (400) PENCE

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BANK OF AMERICA RAISES LEGAL & GENERAL PRICE TARGET TO 315 (308) PENCE - 'BUY'

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BERENBERG RAISES LEGAL & GENERAL PRICE TARGET TO 315 (263) PENCE - 'HOLD'

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CITIGROUP RAISES LEGAL & GENERAL TARGET TO 281 (269) PENCE - 'NEUTRAL'

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BARCLAYS RAISES LEGAL & GENERAL PRICE TARGET TO 351 (339) PENCE - 'OVERWEIGHT'

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JEFFERIES RAISES LEGAL & GENERAL TARGET TO 290 (270) PENCE - 'HOLD'

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CITIGROUP CUTS STANDARD LIFE ABERDEEN TARGET TO 315 (335) PENCE - 'NEUTRAL'

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RBC RAISES NATWEST PRICE TARGET TO 165 (155) PENCE - 'SECTOR PERFORM'

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RBC RAISES BARCLAYS PRICE TARGET TO 160 (145) PENCE - 'SECTOR PERFORM'

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RBC RAISES HSBC PRICE TARGET TO 430 (410) PENCE - 'SECTOR PERFORM'

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GOLDMAN SACHS RAISES WPP PRICE TARGET TO 1025 (1000) PENCE - 'BUY'

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UBS RAISES INTERCONTINENTAL HOTELS PRICE TARGET TO 4500 (4200) PENCE - 'SELL'

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STIFEL EUROPE RAISES CRH PRICE TARGET TO 43 (40) EUR - 'BUY'

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MORGAN STANLEY CUTS 3I GROUP PRICE TARGET TO 1360 (1367) PENCE - 'OVERWEIGHT'

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BERNSTEIN RAISES CRODA PRICE TARGET TO 6500 (6200) PENCE - 'MARKET-PERFORM'

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CITIGROUP RAISES MELROSE INDUSTRIES PRICE TARGET TO 220 (200) PENCE - 'BUY'

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BARCLAYS RAISES JUST EAT TAKEAWAY PRICE TARGET TO 12080 (11990) PENCE - 'OVERWEIGHT'

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JPMORGAN CUTS JUST EAT TAKEAWAY PRICE TARGET TO 11944 (12978)P - 'OVERWEIGHT'

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GOLDMAN SACHS CUTS PENNON GROUP PRICE TARGET TO 1076 (1082) PENCE - 'NEUTRAL'

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GOLDMAN SACHS CUTS SEVERN TRENT PRICE TARGET TO 2160 (2177) PENCE - 'SELL'

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GOLDMAN SACHS RAISES NATIONAL GRID PRICE TARGET TO 960 (958) PENCE - 'NEUTRAL'

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RBC RAISES SPIRAX-SARCO PRICE TARGET TO 8500 (8000) PENCE - 'UNDERPERFORM'

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FTSE 250

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BERENBERG CUTS IWG TO 'HOLD' ('BUY') - TARGET 370 (425) PENCE

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RBC RAISES IWG PRICE TARGET TO 330 (300) PENCE - 'SECTOR PERFORM'

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PEEL HUNT RAISES MARSHALLS GROUP PRICE TARGET TO 765 (730) PENCE - 'ADD'

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BERENBERG RAISES ROTORK PRICE TARGET TO 430 (410) PENCE - 'BUY'

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BERENBERG RAISES HILL & SMITH PRICE TARGET TO 1565 (1550) PENCE - 'BUY'

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DEUTSCHE BANK RAISES IBSTOCK PRICE TARGET TO 220 (168) PENCE - 'HOLD'

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JEFFERIES RAISES IBSTOCK PRICE TARGET TO 244 (222) PENCE - 'HOLD'

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JPMORGAN RAISES IBSTOCK PRICE TARGET TO 226 (212) PENCE - 'NEUTRAL'

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BANK OF AMERICA RAISES BALFOUR BEATTY PRICE TARGET TO 365 (350) PENCE - 'BUY'

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GOLDMAN SACHS CUTS CONVATEC PRICE TARGET TO 200 (203) PENCE - 'NEUTRAL'

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RBC RAISES PARAGON PRICE TARGET TO 480 (410) PENCE - 'SECTOR PERFORM'

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RBC RAISES ONESAVINGS BANK PRICE TARGET TO 560 (500) PENCE - 'OUTPERFORM'

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RBC RAISES VIRGIN MONEY PRICE TARGET TO 150 (145) PENCE - 'SECTOR PERFORM'

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RBC RAISES DECHRA PHARMA PRICE TARGET TO 3600 (3450) PENCE - 'SECTOR PERFORM'

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JPMORGAN RAISES ROYAL MAIL PRICE TARGET TO 704 (641) PENCE - 'OVERWEIGHT'

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OTHER MAIN MARKET AND AIM

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BANK OF AMERICA INITIATES DR MARTENS WITH 'BUY' - TARGET 575 PENCE

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BARCLAYS INITIATES DR MARTENS WITH 'EQUAL WEIGHT' - TARGET 480 PENCE

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GOLDMAN SACHS INITIATES DR MARTENS WITH 'NEUTRAL' - TARGET 480 PENCE

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PEEL HUNT RAISES RENEWI PRICE TARGET TO 64 (49) PENCE - 'BUY'

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LIBERUM RAISES GEM DIAMONDS PRICE TARGET TO 72 (60) PENCE - 'BUY'

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LIBERUM RAISES VOLUTION GROUP PRICE TARGET TO 377 (335) PENCE - 'BUY'

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BERENBERG RAISES VOLUTION GROUP PRICE TARGET TO 410 (370) PENCE - 'BUY'

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LIBERUM RAISES CVS GROUP PRICE TARGET TO 1800 (1274) PENCE - 'HOLD'

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JEFFERIES RAISES GRESHAM HOUSE PRICE TARGET TO 945 (910) PENCE - 'BUY'

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MORGAN STANLEY CUTS BREEDON PRICE TARGET TO 112 (114) PENCE - 'OVERWEIGHT'

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BARCLAYS RAISES BREEDON PRICE TARGET TO 94 (88) PENCE - 'EQUAL WEIGHT'

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BERENBERG RAISES ABCAM PRICE TARGET TO 1300 (1180) PENCE - 'HOLD'

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RBC CUTS HUNTING TO 'SECTOR PERFORM' ('OUTPERFORM') - TARGET 305 (290) PENCE

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JEFFERIES RAISES HUNTING PRICE TARGET TO 360 (260) PENCE - 'BUY'

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JPMORGAN RAISES SENIOR PRICE TARGET TO 115 (86) PENCE - 'NEUTRAL'

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RBC RAISES RESTAURANT GROUP PRICE TARGET TO 130 (88) PENCE - 'OUTPERFORM'

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More News

Today 12:39

TOP NEWS: Ofwat delays price plans reveal until after UK election

(Alliance News) - The water regulator Ofwat on Friday said the publication of the consultation on its draft price control determinations for the water sector will be delayed until after the upcoming UK general election.

23 May 2024 16:46

London close: Stocks slip on UK election, US jobless claims

(Sharecast News) - London stocks ended lower on Thursday, mirroring Wall Street's decline as jobless claims in the US fell more than anticipated.

23 May 2024 16:18

FTSE 250 movers: Drax and Pennon hit by political risk

(Sharecast News) - Drax Group was struggling at the bottom of the pile on a down day for the second-tier index.

23 May 2024 09:08

British utilities stocks fall sharply as election looms

May 23 (Reuters) - UK utilities led fallers in early London trading on Thursday after Prime Minister Rishi Sunak called a surprise election in July the previous day, raising concerns over political risk in the sector.

21 May 2024 15:00

London close: Stocks fall ahead of key inflation reading

(Sharecast News) - London stocks ended in negative territory on Tuesday, influenced by the latest UK economic outlook from the International Monetary Fund (IMF) and comments from US Federal Reserve officials.

21 May 2024 10:29

TOP NEWS: Pennon reports widened loss; CMA opens consultations

(Alliance News) - Pennon Group PLC on Tuesday reported an increased loss but a higher dividend, as the UK Competition & Markets Authority opened public consultations relating to the firm's takeover of Sutton & East Surrey Water.

14 May 2024 16:18

UK earnings, trading statements calendar - next 7 days

Wednesday 15 May
Britvic PLC	Half Year Results
Burberry Group PLC	Full Year Results
Compass Group PLC	Half Year Results
Creo Medical Group PLC	Full Year Results
Experian PLC	Full Year Results
Imperial Brands PLC	Half Year Results
Keller Group PLC	Full Year Results
Lords Group Trading PLC	Full Year Results
Marshalls PLC	Trading Statement
Renalytix PLC	Q3 Results
South32 Ltd	Trading Statement
Spirax-Sarco Engineering PLC	Trading Statement
Titon Holdings PLC	Half Year Results
TP ICAP Group PLC	Trading Statement
Tui AG	Half Year Results
Vertu Motors PLC	Full Year Results
Thursday 16 May
Auction Technology Group PLC	Half Year Results
Bank of Cyprus Holdings PLC	Q1 Results
BT Group PLC	Full Year Results
Convatec Group PLC	Trading Statement
easyJet PLC	Half Year Results
Future PLC	Half Year Results
Grainger PLC	Half Year Results
Helios Towers PLC	Q1 Results
Nexus Infrastructure PLC	Half Year Results
Premier Foods PLC	Full Year Results
Restore PLC	Trading Statement
Sage Group PLC	Half Year Results
Tritax EuroBox PLC	Half Year Results
Tullow Oil PLC	Trading Statement
Tyman PLC	Trading Statement
United Utilities Group PLC	Full Year Results
Vanquis Banking Group PLC	Trading Statement
Vistry Group PLC	Trading Statement
Friday 17 May
Land Securities Group PLC	Full Year Results
XLMedia PLC	Full Year Results
Monday 20 May
Kainos Group PLC	Full Year Results
Likewise Group PLC	Full Year Results
Nexxen International Ltd	Q1 Results
Ryanair Holdings PLC	Full Year Results
Union Jack Oil PLC	Full Year Results
Tuesday 21 May
Assura PLC	Full Year Results
Atalaya Mining PLC	Q1 Results
Avon Protection PLC	Half Year Results
Caledonia Investments PLC	Full Year Results
Calnex Solutions PLC	Full Year Results
Cranswick PLC	Full Year Results
Diaceutics PLC	Full Year Results
FD Technologies PLC	Full Year Results
Greencore Group PLC	Half Year Results
Ixico PLC	Half Year Results
Kingfisher PLC	Trading Statement
Pennon Group PLC	Full Year Results
Smiths Group PLC	Trading Statement
SSP Group PLC	Half Year Results
Topps Tiles PLC	Half Year Results

Comments and questions to newsroom@alliancenews.com

A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

Copyright 2024 Alliance News Ltd. All Rights Reserved.

14 May 2024 12:57

IN BRIEF: UK CMA may clear Pennon acquisition of Sutton & East Surrey

Pennon Group PLC - Exeter, England-based water utility - The UK Competition & Markets Authority sees "reasonable grounds" to clear Pennon's acquisition of Sutton & East Surrey Group Holdings Ltd, formerly named Sumisho Osaka Gas Water UK Ltd. Pennon agreed to the deal, which has an enterprise value of GBP380 million including debt, in January. The CMA launched a phase 1 merger inquiry into the deal in March and earlier this month said the deal could face a deeper investigation should "acceptable" undertakings not be made by Pennon. On Tuesday, the competition regulator says Pennon has offered to provide reporting for Sutton & East Surrey Water separate from the rest of Pennon. This could address the CMA's concern that the merger will harm water regulator Ofwat's ability to make comparisons between water utilities. The CMA now has until July 16 to decide whether or not to accept Pennon's undertakings.

14 May 2024 11:54

CMA mulling over Pennon-SES deal

(Sharecast News) - Watchdog the Competition and Markets Authority said on Tuesday that it may accept Pennon Group's solutions to address concerns regarding the water utility outfit's purchase of Sutton and East Surrey Water, potentially clearing a path for the deal to go through.

7 May 2024 09:51

LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Friday:

3 May 2024 10:56

UK watchdog raises concerns over Pennon-SES water deal

May 3 (Reuters) - British water company Pennon faces in-depth regulatory investigation of its purchase of rival Sutton and East Surrey (SES) Water unless it can address concerns raised by the competition watchdog.

3 May 2024 09:28

Pennon seeks to allay CMA's concerns over South West Water acquisition

(Alliance News) - The UK's competition watchdog on Friday warned Pennon Group PLC that its planned acquisition of Sumisho Osaka Gas Water UK Ltd could face a deeper investigation should "acceptable" undertakings not be made.

3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

3 May 2024 08:08

CMA set for deeper probe of Pennon's SES acquisition

(Sharecast News) - Pennon Group worked to assure the market that its acquisition of Sutton and East Surrey Water (SES Water) would avoid a deeper competition probe on Friday, telling shareholders that it planned to offer "appropriate undertakings" to regulators.

3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out of hawkish Federal Reserve interest rate expectations.

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BROKER RATINGS: BofA, Barclays and Goldman start Dr Martens coverage

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