Pennon Group Plc (LON:PNN – Get Free Report) has earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,297.14.
Several analysts recently commented on the company. UBS Group reiterated a “buy” rating and set a GBX 650 price target on shares of Pennon Group in a research report on Friday, June 5th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 575 price objective on shares of Pennon Group in a report on Tuesday, August 25th. Citigroup lowered their target price on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a report on Tuesday, June 16th. Finally, Jefferies Financial Group decreased their price target on shares of Pennon Group from GBX 590 to GBX 500 and set a “hold” rating on the stock in a research note on Monday, August 3rd.
Check Out Our Latest Report on Pennon Group
Pennon Group Price Performance
Pennon Group (LON:PNN – Get Free Report) last announced its earnings results on Wednesday, June 10th. The company reported GBX 28.30 EPS for the quarter. The business had revenue of GBX 129.14 billion during the quarter. Pennon Group had a return on equity of 6.61% and a net margin of 7.09%. On average, analysts expect that Pennon Group will post 1.0402417 earnings per share for the current fiscal year.
Insider Transactions at Pennon Group
In other Pennon Group news, insider Laura Flowerdew sold 1,119 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of GBX 493, for a total value of £5,516.67. Over the last three months, insiders have bought 95 shares of company stock worth $44,685. 0.33% of the stock is currently owned by corporate insiders.
About Pennon Group
At the top end of the FTSE 250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive. Our 25-year rolling licence provides predictable index-linked growth and visibility over future revenues.
We provide clean and wastewater services through our businesses across the Great South West.
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