Pennon Group Plc (LON:PNN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Pennon Group Plc (LON:PNN) have been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 1,417.50.

A number of equities analysts have commented on PNN shares. Jefferies Financial Group reduced their price objective on shares of Pennon Group from GBX 590 to GBX 500 and set a “hold” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. JPMorgan Chase & Co. upped their price objective on Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a report on Monday, April 13th. Citigroup decreased their price target on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Finally, UBS Group reissued a “buy” rating and issued a GBX 650 price objective on shares of Pennon Group in a report on Friday, June 5th.

Insider Buying and Selling

In other Pennon Group news, insider Laura Flowerdew sold 1,119 shares of Pennon Group 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. In the last 90 days, insiders acquired 92 shares of company stock worth $44,844. 0.37% of the stock is owned by company insiders.

Pennon Group Trading Up 0.1%

Pennon Group stock opened at GBX 458 on Thursday. The stock has a 50-day simple moving average of GBX 479.54 and a 200 day simple moving average of GBX 523.20. The stock has a market capitalization of £2.16 billion, a P/E ratio of 23.73, a PEG ratio of 8.20 and a beta of 0.56. 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 52 week low of GBX 439.40 and a 52 week high of GBX 605.

Pennon Group (LON:PNN) last issued its earnings results on Wednesday, June 10th. The company reported GBX 28.30 EPS for the quarter. The company had revenue of GBX 129.14 billion during the quarter. Pennon Group had a return on equity of 6.61% and a net margin of 7.09%. Analysts expect that Pennon Group will post 1.0402417 earnings per share for the current year.

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.