Pennon Group Plc (LON:PNN – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is GBX 1,297.14.
Several research analysts have recently weighed in on the stock. Jefferies Financial Group lowered their price objective 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. UBS Group reiterated a “buy” rating and issued a GBX 650 target price on shares of Pennon Group in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a report on Tuesday, June 16th. Citigroup lowered their price target on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 575 price target on shares of Pennon Group in a research report on Tuesday, August 25th.
Read Our Latest Stock Analysis on PNN
Insider Activity at Pennon Group
Pennon Group Stock Performance
Shares of Pennon Group stock opened at GBX 448 on Friday. Pennon Group has a 12-month low of GBX 439.25 and a 12-month high of GBX 605. The stock has a market cap of £2.11 billion, a P/E ratio of 23.21, a P/E/G ratio of 8.20 and a beta of 0.57. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81. The business’s 50 day moving average is GBX 463.18 and its 200-day moving average is GBX 495.63.
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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