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Home / Momentum / Pennon (PNN.L) 28-01-20

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

Pennon (PNN.L) 28-01-20

Pennon (PNN.L) has been in a strong uptrend. Will it continue to set new recent highs?

 

  • Priced at 1103p (at time of writing), momentum has been strong.
  • Will it come to an end, or is the trend your friend?
  • Could this be an opportunity for momentum traders?
  • Technical traders should be mindful of new developments, which can have an affect on trends.
  • Shares -0% from 12-month highs; +58% from 12 month lows.

Latest News

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

 

19 Dec:  Deutsche Bank reiterates its buy rating on Pennon Group (PNN) and increased the target price to 1080p (from 1020p).

19 Dec:  Investec has downgraded its rating on Pennon Group (PNN) to hold (from buy) and increased the target price to 1000p (from 890p).

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

 

Click to enlarge

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