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

Pennon Group (LON:PNN)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 380 price objective on the stock. Jefferies Financial Group’s price target suggests a potential upside of 17.65% from the company’s previous close.

PNN has been the subject of a number of other reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 575 price target on shares of Pennon Group in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft downgraded Pennon Group to a “hold” rating and lowered their price objective for the stock from GBX 550 to GBX 380 in a research report on Monday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,255.71.

Pennon Group Trading Up 0.6%

Shares of LON:PNN traded up GBX 1.80 during midday trading on Wednesday, reaching GBX 323. 5,763,578 shares of the company’s stock were exchanged, compared to its average volume of 12,794,170. The firm’s 50 day simple moving average is GBX 447.96 and its two-hundred day simple moving average is GBX 484.87. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.53. The stock has a market cap of £1.52 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 8.20 and a beta of 0.57. Pennon Group has a fifty-two week low of GBX 311.20 and a fifty-two week high of GBX 605.

Insiders Place Their Bets

In related news, insider Laura Flowerdew sold 1,119 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of GBX 493, for a total transaction of £5,516.67. In the last ninety days, insiders have acquired 96 shares of company stock worth $44,883. 0.32% of the stock is owned by corporate 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.