Pennon Group (LON:PNN) had its price objective increased by Jefferies Financial Group from GBX 740 ($9.73) to GBX 1,090 ($14.34) in a report released on Tuesday, Digital Look reports. Jefferies Financial Group currently has a hold rating on the stock.
A number of other brokerages also recently weighed in on PNN. BNP Paribas downgraded Pennon Group to an underperform rating and cut their price objective for the company from GBX 800 ($10.52) to GBX 750 ($9.87) in a research note on Thursday, December 5th. HSBC reissued a buy rating on shares of Pennon Group in a research note on Thursday, December 5th. Investec downgraded Pennon Group to a hold rating and raised their price objective for the company from GBX 890 ($11.71) to GBX 1,000 ($13.15) in a research note on Thursday, December 19th. Barclays reissued an overweight rating on shares of Pennon Group in a research note on Thursday, November 14th. Finally, Deutsche Bank raised their price objective on Pennon Group from GBX 1,080 ($14.21) to GBX 1,170 ($15.39) and gave the company a buy rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Pennon Group has an average rating of Hold and a consensus price target of GBX 979.40 ($12.88).
Shares of PNN stock opened at GBX 1,173.50 ($15.44) on Tuesday. The stock’s 50 day simple moving average is GBX 1,079.06 and its 200 day simple moving average is GBX 899.93. The company has a debt-to-equity ratio of 240.10, a quick ratio of 1.78 and a current ratio of 2.31. Pennon Group has a twelve month low of GBX 693.40 ($9.12) and a twelve month high of GBX 1,147.50 ($15.09). The company has a market capitalization of $4.94 billion and a price-to-earnings ratio of 21.18.
The firm also recently declared a dividend, which will be paid on Friday, April 3rd. Shareholders of record on Thursday, January 23rd will be given a GBX 13.66 ($0.18) dividend. This represents a yield of 1.45%. The ex-dividend date of this dividend is Thursday, January 23rd. Pennon Group’s dividend payout ratio is currently 0.76%.
Pennon Group Company Profile
Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.
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