Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Pennon Group (LON:PNN) Stock Price

Pennon Group (LON:PNN) had its target price hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 580 to GBX 600 in a research report issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 8.01% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Barclays reiterated an “overweight” rating and issued a GBX 670 price target on shares of Pennon Group in a research note on Thursday, October 16th. Citigroup cut shares of Pennon Group to a “neutral” rating and lifted their target price for the stock from GBX 539 to GBX 542 in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 604.

Pennon Group Stock Up 1.9%

Shares of LON:PNN traded up GBX 10.50 during trading on Monday, reaching GBX 555.50. The stock had a trading volume of 1,068,733 shares, compared to its average volume of 4,052,175. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72. The company has a market capitalization of £2.62 billion, a P/E ratio of 115.73, a PEG ratio of 8.20 and a beta of 0.29. The firm’s 50-day simple moving average is GBX 525.21 and its 200 day simple moving average is GBX 502.04. Pennon Group has a one year low of GBX 383 and a one year high of GBX 605.50.

Pennon Group (LON:PNN) last announced its earnings results on Thursday, November 27th. The company reported GBX 14 earnings per share for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%. As a group, research analysts expect that Pennon Group will post 1.0402417 EPS for the current fiscal year.

Insider Buying and Selling

In other Pennon Group news, insider David Sproul acquired 4,635 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average cost of GBX 536 per share, with a total value of £24,843.60. Insiders own 0.32% of the company’s stock.

Pennon Group Company Profile

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.