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

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

Other research analysts 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 research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft downgraded shares of Pennon Group to a “hold” rating and decreased their price objective for the company from GBX 550 to GBX 380 in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,255.71.

Pennon Group Stock Up 0.6%

PNN traded up GBX 1.80 on Wednesday, reaching GBX 323. The company’s stock had a trading volume of 5,763,578 shares, compared to its average volume of 12,794,170. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81. Pennon Group has a fifty-two week low of GBX 311.20 and a fifty-two week high of GBX 605. The stock has a 50 day moving average of GBX 447.96 and a two-hundred day moving average of GBX 484.87. The company has a market capitalization 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.

Insider Transactions at Pennon Group

In other Pennon Group news, insider Laura Flowerdew sold 1,119 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of GBX 493, for a total transaction of £5,516.67. In the last 90 days, insiders bought 96 shares of company stock valued at $44,883. Insiders own 0.32% of the company’s stock.

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.