Pennon Group’s (PNN) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Pennon Group (LON:PNN) in a report published on Wednesday morning,Digital Look reports. They currently have a GBX 380 price objective on the stock.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 575 target price on shares of Pennon Group in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft lowered Pennon Group to a “hold” rating and cut their target price for the company from GBX 550 to GBX 380 in a research report on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pennon Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,353.33.

Pennon Group Stock Performance

Shares of PNN stock opened at GBX 322.50 on Wednesday. The firm’s 50 day moving average price is GBX 439.48 and its 200-day moving average price is GBX 481. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. Pennon Group has a one year low of GBX 311.20 and a one year high of GBX 605. The firm has a market cap of £1.52 billion, a P/E ratio of 16.71, a P/E/G ratio of 8.20 and a beta of 0.57.

Insider Buying and Selling

In other Pennon Group news, insider Laura Flowerdew sold 1,119 shares of Pennon Group stock in a transaction dated Monday, July 20th. The stock was sold at an average price of GBX 493, for a total value of £5,516.67. In the last three months, insiders bought 96 shares of company stock worth $44,883. Company 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.