Pennon Group (LON:PNN) Earns “Buy” Rating from Jefferies Financial Group

Pennon Group (LON:PNN)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 380 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 16.71% from the stock’s current price.

Several other equities research analysts have also recently issued reports on PNN. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 575 price objective on shares of Pennon Group in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft downgraded Pennon Group to a “hold” rating and decreased their price objective for the company from GBX 550 to GBX 380 in a report on Monday. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,255.71.

Pennon Group Trading Up 1.4%

LON:PNN opened at GBX 325.60 on Wednesday. The stock has a fifty day moving average price of GBX 447.96 and a 200 day moving average price of GBX 484.87. 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 firm has a market cap of £1.54 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 8.20 and a beta of 0.57. Pennon Group has a 12-month low of GBX 311.20 and a 12-month high of GBX 605.

Insider Activity at Pennon Group

In related news, insider Laura Flowerdew sold 1,119 shares of the 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 90 days, insiders have bought 96 shares of company stock valued at $44,883. 0.32% of the stock is owned by 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.