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Pin to quick picksPennon Share News (PNN)

Share Price Information for Pennon (PNN)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 698.50
Bid: 702.50
Ask: 703.50
Change: 9.50 (1.38%)
Spread: 1.00 (0.142%)
Open: 687.00
High: 709.00
Low: 687.00
Prev. Close: 689.00
PNN Live PriceLast checked at -

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LONDON BROKER RATINGS: Redburn likes Flutter; RBC cuts Smiths

Wed, 12th Oct 2022 09:52

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

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FTSE 100

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Bank of America cuts Ocado price target to 1,150 (1,600) pence - 'buy'

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Bank of America raises Sage price target to 630 (620) pence - 'underperform'

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JPMorgan cuts Experian price target to 3,200 (3,250) pence - 'overweight'

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Goldman Sachs cuts British Land price target to 320 (410) pence - 'neutral'

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Goldman Sachs cuts Segro price target to 920 (1,070) pence - 'buy'

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Goldman Sachs cuts Land Securities price target to 460 (500) pence - 'sell'

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Jefferies raises Harbour Energy price target to 670 (600) pence - 'buy'

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Deutsche Bank cuts SSE price target to 1,900 (2,000) pence - 'buy'

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Deutsche Bank cuts United Utilities target to 1,000 (1,080) pence - 'hold'

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Deutsche Bank cuts Severn Trent target to 3,000 (3,300) pence - 'buy'

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Deutsche Bank cuts National Grid price target to 1,020 (1,220) pence - 'hold'

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RBC cuts Melrose Industries price target to 165 (220) pence - 'outperform'

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RBC cuts Smiths Group to 'underperform' (sector perform) - price target 1,600 (1,500) pence

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Redburn begins coverage of Flutter Entertainment at 'buy'

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Redburn begins coverage of Entain at 'neutral'

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Deutsche Bank cuts Entain price target to 1,800 (1,871) pence - 'buy'

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Credit Suisse cuts Barratt Developments target to 637 (775) pence - 'outperform'

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Bernstein raises Diageo price target to 3,950 (3,780) pence - 'market-perform'

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FTSE 250

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Jefferies cuts Darktrace price target to 530 (615) pence - 'buy'

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Deutsche Bank cuts 888 Holdings target to 160 (230) pence - 'buy'

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Deutsche Bank cuts Pennon target to 880 (1,100) pence - 'hold'

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Deutsche Bank cuts Playtech price target to 601 (607) pence - 'buy'

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Deutsche Bank starts Diploma with 'hold' - price target 2,450 pence

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RBC cuts RHI Magnesita price target to 2,000 (2,400) pence - 'sector perform'

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RBC raises Morgan Advanced Materials to 'outperform'(sector perform) - price target 330 pence

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RBC cuts Bodycote price target to 560 (600) pence - 'sector perform'

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Jefferies reinitiates Diversified Energy with 'buy' - price target 165 pence

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Jefferies raises Capricorn Energy price target to 290 (265) pence - 'buy'

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Jefferies raises Energean price target to 1,650 (1,300) pence - 'buy'

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Jefferies cuts Tullow Oil to 'hold' (buy) - price target 48 (77) pence

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Berenberg cuts Mitchells & Butlers price target to 115 (180) pence - 'hold'

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RBC cuts FirstGroup price target to 160 (165) pence - 'outperform'

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Goldman Sachs cuts Big Yellow price target to 1,000 (1,130) pence - 'neutral'

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Goldman Sachs cuts Great Portland price target to 420 (460) pence - 'neutral'

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Goldman Sachs cuts Derwent London price target to 2,360 (2,570) pence - 'buy'

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Goldman Sachs cuts Supermarket Income REIT target to 100 (113) pence - 'neutral'

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Goldman Sachs starts Tritax Big Box with 'neutral' - price target 140 pence

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Bank of America cuts Lancashire price target to 550 (560) pence - 'neutral'

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Bank of America raises Hiscox price target to 1200 (1180) pence - 'buy'

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Bank of America raises Beazley price target to 745 (700) pence - 'buy'

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SMALL CAP

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Kepler Cheuvreux cuts Renewi to 'hold' (buy)

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RBC cuts TT Electronics price target to 275 (325) pence - 'outperform'

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Jefferies cuts Jadestone Energy price target to 120 (145) pence - 'buy'

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Jefferies raises Serica Energy price target to 480 (465) pence - 'buy'

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Jefferies raises EnQuest price target to 40 (33) pence - 'buy'

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Jefferies raises Kosmos Energy price target to 790 (710) pence - 'buy'

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Berenberg cuts AG Barr price target to 610 (650) pence - 'buy'

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Berenberg cuts Restaurant Group to 'hold' (buy) - price target 35 (65) pence

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Bernstein cuts Just Eat Takeaway target to 1,550 (1,600) pence - 'market-perform'

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Goldman Sachs cuts Just Eat Takeaway price target to 20 (26) EUR - 'buy'

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Panmure cuts Fuller Smith & Turner to 'sell' (hold) - price target 360 (640) pence

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JPMorgan cuts Marston's price target to 54 (59) pence - 'neutral'

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Liberum cuts Ryanair to 'hold' (buy) - price target 11 (16.50) eur

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Barclays cuts Reach price target to 80 (90) pence - 'equal weight'

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Berenberg cuts Watkin Jones price target to 175 (260) pence - 'buy'

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Bank of America raises Wise price target to 882 (692) pence - 'buy'

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Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
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.

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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.

Read more
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:

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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.

Read more
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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17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

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

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17 Apr 2024 07:52

LONDON BRIEFING: Antofagasta backs outlook; Entain says "more to do"

(Alliance News) - London's FTSE 100 is called to open lower on Wednesday, after a loftier than expected UK inflation reading, and amid lingering US interest rate worries.

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15 Apr 2024 09:49

LONDON BROKER RATINGS: UBS raises Crest Nicholson; Stifel cuts CRH

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

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11 Apr 2024 08:59

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

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

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28 Mar 2024 16:08

London close: Stocks finish firmer ahead of Easter break

(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.

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25 Mar 2024 09:29

Pennon continues to trade in line with expectations

(Alliance News) - Pennon Group PLC said its financial performance for the year ending March 31 remains in line with expectations, despite its waste water operational performance being impacted by "challenging" weather conditions.

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25 Mar 2024 07:36

Pennon trading in line, but bad weather impacts waste-water operations

(Sharecast News) - Water group Pennon said it expects to report full-year results in line with expectations as it makes record levels of investment in the current pricing cycle, though challenging weather conditions have impacted its waste-water operational performance.

Read more
18 Mar 2024 16:09

UK earnings, trading statements calendar - next 7 days

Tuesday 19 March 
Atalaya Mining PLCFull Year Results
Close Brothers Group PLCHalf Year Results
DFS Furniture PLCHalf Year Results
Eagle Eye Solutions Group PLCHalf Year Results
Essentra PLCFull Year Results
Fintel PLCFull Year Results
Litigation Capital Management LtdHalf Year Results
Midwich Group PLCFull Year Results
Mpac Group PLCFull Year Results
MP Evans Group PLCFull Year Results
Pebble Group PLCFull Year Results
Personal Group Holdings PLCFull Year Results
Sabre Insurance Group PLCFull Year Results
Staffline Group PLCFull Year Results
Tissue Regenix Group PLCFull Year Results
Trustpilot Group PLCFull Year Results
Yu Group PLCFull Year Results
Zotefoams PLCFull Year Results
Wednesday 20 March 
Computacenter PLCFull Year Results
EKF Diagnostics Holdings PLCFull Year Results
Eurocell PLCFull Year Results
FDM Group PLCFull Year Results
Investec PLCTrading Statement
IQGeo Group PLCFull Year Results
Kenmare Resources PLCFull Year Results
Prudential PLCFull Year Results
VietNam Holding LtdHalf Year Results
Thursday 21 March 
Aptitude Software Group PLCFull Year Results
Aquis Exchange PLCFull Year Results
Centamin PLCFull Year Results
Direct Line Insurance Group PLCFull Year Results
Dowlais Group PLCFull Year Results
Energean PLCFull Year Results
Gulf Keystone Petroleum LtdFull Year Results
Hostelworld Group PLCFull Year Results
Ithaca Energy PLCFull Year Results
M&G PLCFull Year Results
National World PLCFull Year Results
Next PLCFull Year Results
Secure Trust Bank PLCFull Year Results
Tribal Group PLCFull Year Results
Friday 22 March 
Dunedin Enterprise Investment Trust PLCFull Year Results
JD Wetherspoon PLCHalf Year Results
Phoenix Group Holdings PLCFull Year Results
SkinBioTherapeutics PLCHalf Year Results
Monday 25 March 
Amaroq Minerals LtdFull Year Results
Baillie Gifford Shin Nippon PLCFull Year Results
Central Asia Metals PLCFull Year Results
Gamma Communications PLCFull Year Results
Henry Boot PLCFull Year Results
Impact Healthcare REIT PLCFull Year Results
Kingfisher PLCFull Year Results
Pennon Group PLCTrading Statement
Princess Private Equity Holding LtdTrading Statement
RTC Group PLCFull Year Results
Tandem Group PLCFull Year Results
Ocean Harvest Technology Group PLCFull Year Results
Octopus Renewables Infrastructure Trust PLCFull Year Results
Virgin Wines UK PLCHalf Year Results
US Solar Fund PLCFull 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.

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7 Mar 2024 14:30

IN BRIEF: UK CMA starts merger inquiry into Pennon acquisition

Pennon Group PLC - Exeter, England-based water utility - The UK Competition & Markets Authority announces start of investigation into 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 inquiry's launch follows the CMA on February 27 inviting comments on the acquisition agreement.

Read more
27 Feb 2024 09:53

IN BRIEF: CMA asks for comments on Pennon purchase of SES Water

Pennon Group PLC - Exeter-based water utility - The UK Competition & Markets Authority invites comments on Pennon's agreement to buy Sutton & East Surrey Water PLC, which was announced last month. The CMA had immediately served an initial enforcement order on Pennon in relation to the acquisition. Pennon agreed in January to buy Sumisho Osaka Gas Water UK Ltd and related businesses from Sumitomo Corp and Osaka Gas for GBP89 million, with the deal representing an enterprise value including debt of GBP380 million. Sumisho Osaka owns Sutton & East Surrey Water, or SES Water. The competition watchdog on Tuesday says it has not yet launched a formal investigation into the deal, but it is considering "whether the creation of that situation is likely to prejudice [water industry regulator] Ofwat's ability, in carrying out its functions, to make comparisons between water enterprises."

Read more

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