Pennon Group (LON:PNN) Stock Keeps “Buy” Rating at Jefferies Financial Group

Pennon Group (LON:PNN)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 380 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 17.83% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reaffirmed 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 cut shares of Pennon Group to a “hold” rating and cut their price target for the company from GBX 550 to GBX 380 in a report on Monday, October 12th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 1,353.33.

Pennon Group Stock Performance

Shares of PNN stock opened at GBX 322.50 on Wednesday. The company has a market capitalization of £1.52 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 8.20 and a beta of 0.57. 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 company’s 50-day moving average is GBX 439.48 and its 200 day moving average is GBX 481.

Insider Activity at Pennon Group

In other news, insider Laura Flowerdew sold 1,119 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of GBX 493, for a total value of £5,516.67. Over the last three months, insiders acquired 96 shares of company stock valued at $44,883. 0.32% of the stock is currently owned by company insiders.

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.