Pennon Group (LON:PNN – Get Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 380 price target on the stock. Jefferies Financial Group‘s target price suggests a potential upside of 12.76% from the company’s current price.
Several other research firms have also commented on PNN. Deutsche Bank lowered Pennon Group to a “hold” rating and dropped their target price for the stock from GBX 550 to GBX 380 in a report on Monday, October 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 575 price target on shares of Pennon Group in a report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Pennon Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,353.33.
Check Out Our Latest Analysis on PNN
Pennon Group Stock Performance
LON PNN opened at GBX 337 on Thursday. The stock has a 50-day simple moving average of GBX 394.01 and a two-hundred day simple moving average of GBX 484.80. The firm has a market capitalization of £2.33 billion, a P/E ratio of 19.30, a PEG ratio of 8.20 and a beta of 0.55. Pennon Group has a fifty-two week low of GBX 311.20 and a fifty-two week high of GBX 605. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51.
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.
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