Pennon Group Plc (LON:PNN – Get Free Report)’s share price traded down 2.5% during mid-day trading on Tuesday. The company traded as low as GBX 337 and last traded at GBX 337. Approximately 1,713,508 shares changed hands during trading, a decline of 87% from the average daily volume of 13,405,366 shares. The stock had previously closed at GBX 345.60.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on PNN shares. Deutsche Bank Aktiengesellschaft lowered shares of Pennon Group to a “hold” rating and reduced their price target for the company from GBX 550 to GBX 380 in a research report on Monday, October 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 575 price objective on shares of Pennon Group in a research note on Tuesday, August 25th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 380 price objective on shares of Pennon Group in a report on Wednesday, October 14th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,353.33.
Pennon Group Stock Down 2.5%
The company’s 50 day moving average price is GBX 396.77 and its two-hundred day moving average price is GBX 485.85. 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 firm has a market cap of £2.33 billion, a PE ratio of 19.30, a PEG ratio of 8.20 and a beta of 0.55.
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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