Shares of Pennon Group Plc (LON:PNN – Get Free Report) have received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,432.50.
A number of equities analysts recently commented on PNN shares. Jefferies Financial Group reissued a “hold” rating and issued a GBX 590 price objective on shares of Pennon Group in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a research note on Tuesday. UBS Group reissued a “buy” rating and issued a GBX 650 price objective on shares of Pennon Group in a research note on Friday, June 5th. JPMorgan Chase & Co. boosted their price objective on shares of Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Finally, Citigroup reduced their price objective on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating for the company in a research note on Thursday, June 11th.
Check Out Our Latest Analysis on Pennon Group
Pennon Group Stock Down 1.4%
Pennon Group (LON:PNN – Get Free Report) last announced its quarterly earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts expect that Pennon Group will post 1.0402417 earnings per share for the current year.
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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