Pennon bags upgrade as RBC flags return of water sector certainty
Portfolio Pulse from
Pennon Group PLC received an upgrade from RBC analysts due to increased regulatory certainty and stronger earnings in the water sector. Analysts forecast an 8% to 9% return on retained earnings for listed companies during the AMP8 regulatory period from 2025 to 2030.
February 04, 2025 | 1:45 pm
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Pennon Group PLC has been upgraded by RBC analysts due to increased regulatory certainty and stronger earnings in the water sector. Expected returns on retained earnings are 8% to 9% from 2025 to 2030.
The upgrade by RBC analysts is a positive signal for Pennon Group PLC, indicating confidence in the company's future performance due to regulatory certainty and expected strong earnings. This is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100