Pennon Group (LON:PNN) Reaches New 1-Year Low – Here’s Why

Shares of Pennon Group Plc (LON:PNN) hit a new 52-week low on Tuesday . The company traded as low as GBX 440 and last traded at GBX 440.40, with a volume of 432996 shares. The stock had previously closed at GBX 444.20.

Analysts Set New Price Targets

Several analysts have recently commented on PNN shares. Jefferies Financial Group reduced their price objective on shares of Pennon Group from GBX 590 to GBX 500 and set a “hold” rating for the company in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 575 price target on shares of Pennon Group in a report on Tuesday, August 25th. UBS Group reaffirmed a “buy” rating and issued a GBX 650 price target on shares of Pennon Group in a research note on Friday, June 5th. Finally, Citigroup dropped their price objective on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a report on Thursday, June 11th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Pennon Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,297.14.

Pennon Group Stock Performance

The stock has a market cap of £2.07 billion, a P/E ratio of 22.79, a P/E/G ratio of 8.20 and a beta of 0.57. The company has a fifty day moving average price of GBX 468.06 and a 200 day moving average price of GBX 503.30. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.53.

Insider Buying and Selling at Pennon Group

In related news, insider Laura Flowerdew sold 1,119 shares of the firm’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of GBX 493, for a total value of £5,516.67. In the last quarter, insiders have bought 95 shares of company stock valued at $44,685. Corporate 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.