Pennon Group (LON:PNN – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a note issued to investors on Wednesday, October 14th, Digital Look reports. They currently have a GBX 380 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 14.56% from the stock’s previous close.
A number of other analysts have also commented on PNN. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 575 price target on shares of Pennon Group in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft downgraded Pennon Group to a “hold” rating and reduced their price objective for the company from GBX 550 to GBX 380 in a research note on Monday, October 12th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,353.33.
Read Our Latest Stock Report on PNN
Pennon Group Trading Down 1.6%
LON PNN traded down GBX 5.50 on Wednesday, reaching GBX 331.70. The stock had a trading volume of 7,127,158 shares, compared to its average volume of 12,646,254. The firm has a market capitalization of £1.56 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 8.20 and a beta of 0.57. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81. Pennon Group has a 12-month low of GBX 311.20 and a 12-month high of GBX 605. The stock has a fifty day moving average price of GBX 434.06 and a two-hundred day moving average price of GBX 477.73.
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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