Shares of Pennon Group Plc (LON:PNN – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 1,353.33.
A number of research firms have commented on PNN. Royal Bank Of Canada restated an “outperform” rating and set a GBX 575 price objective on shares of Pennon Group in a research note on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft downgraded Pennon Group to a “hold” rating and cut their price target for the company from GBX 550 to GBX 380 in a research note on Monday, October 12th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 380 price objective on shares of Pennon Group in a report on Wednesday, October 14th.
Get Our Latest Stock Analysis on PNN
Pennon Group Trading Up 0.6%
LON PNN opened at GBX 335 on Tuesday. Pennon Group has a 12 month low of GBX 311.20 and a 12 month high of GBX 605. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81. The stock has a 50 day moving average of GBX 426.10 and a 200-day moving average of GBX 473.74. The company has a market cap of £1.58 billion, a PE ratio of 17.36, a PEG ratio of 8.20 and a beta of 0.57.
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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