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

Shares of Pennon Group Plc (LON:PNN) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 1,432.50.

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

Pennon Group Stock Performance

Shares of Pennon Group stock opened at GBX 458.40 on Tuesday. The company has a market capitalization of £2.16 billion, a PE ratio of 95.50, a P/E/G ratio of 8.20 and a beta of 0.54. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.54 and a current ratio of 1.51. The company has a 50-day simple moving average of GBX 516.39 and a two-hundred day simple moving average of GBX 535.86. Pennon Group has a one year low of GBX 439.40 and a one year high of GBX 605.

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

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.