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

Jefferies Financial Group restated their buy rating on shares of Pennon Group (LON:PNN) in a report issued on Thursday,Digital Look reports. The brokerage currently has a GBX 380 price target on the stock.

A number of other analysts have also recently commented on PNN. Royal Bank Of Canada restated an “outperform” rating and set a GBX 575 target price on shares of Pennon Group in a report on Tuesday, August 25th. Deutsche Bank lowered shares of Pennon Group to a “hold” rating and decreased their price target for the stock from GBX 550 to GBX 380 in a research note on Monday, October 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,353.33.

Pennon Group Price Performance

PNN opened at GBX 336.40 on Thursday. The stock has a fifty day simple moving average of GBX 389.06 and a two-hundred day simple moving average of GBX 482.63. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81. The company has a market cap of £2.33 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 8.20 and a beta of 0.55. Pennon Group has a 12-month low of GBX 311.20 and a 12-month high of GBX 605.

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.