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The latest update is out from Pennon Group plc ( (GB:PNN) ).
Pennon Group plc has announced the appointment of Keith Haslett as the new Chief Executive Officer, succeeding Susan Davy. Haslett, who brings extensive experience from Affinity Water and other major water companies, is expected to join in 2026 and aims to drive customer service improvements and ambitious investment programs. This leadership change is anticipated to bolster Pennon’s operational excellence and shareholder value, continuing the growth trajectory established under Davy’s leadership.
The most recent analyst rating on (GB:PNN) stock is a Hold with a £489.00 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.
Pennon Group’s overall score is primarily influenced by its financial performance, which shows revenue growth but significant profitability challenges. The earnings call provided a positive outlook with strategic growth and investments, but technical analysis and valuation highlight concerns with bearish momentum and a negative P/E ratio. The high dividend yield is a positive aspect for investors seeking income.
To see Spark’s full report on GB:PNN stock, click here.
More about Pennon Group plc
Pennon Group plc is a prominent player in the UK water industry, focusing on water and wastewater services. The company is known for its significant investment programs aimed at enhancing customer service and environmental outcomes.
Average Trading Volume: 1,074,438
Technical Sentiment Signal: Hold
Current Market Cap: £2.17B
Find detailed analytics on PNN stock on TipRanks’ Stock Analysis page.