Deutsche Bank Aktiengesellschaft Lowers Pennon Group (LON:PNN) Price Target to GBX 550

Pennon Group (LON:PNN) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 620 to GBX 550 in a note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 19.37% from the stock’s previous close.

PNN has been the subject of several other research reports. JPMorgan Chase & Co. upped their price target on Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a report on Monday, April 13th. 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. Finally, Citigroup reduced their price target on shares of 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. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Pennon Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,432.50.

Pennon Group Stock Down 1.9%

Shares of Pennon Group stock opened at GBX 460.77 on Tuesday. The company has a market cap of £2.17 billion, a P/E ratio of 95.99, a P/E/G ratio of 8.20 and a beta of 0.54. Pennon Group has a 1 year low of GBX 439.40 and a 1 year high of GBX 605. The company has a current ratio of 1.51, a quick ratio of 1.54 and a debt-to-equity ratio of 347.81. The stock has a 50-day moving average price of GBX 525.19 and a 200 day moving average price of GBX 538.65.

Pennon Group (LON:PNN) last issued its earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share for the quarter. The company had revenue of GBX 129.14 billion for the quarter. Pennon Group had a return on equity of 6.61% and a net margin of 7.09%. As a group, analysts expect that Pennon Group will post 1.0402417 EPS for the current fiscal year.

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.