Pennon Group Plc (LON:PNN) Receives GBX 1,432.50 Average PT from Brokerages

Shares of Pennon Group Plc (LON:PNN) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,432.50.

Several equities analysts have recently weighed in on PNN shares. JPMorgan Chase & Co. increased their price target on Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a report on Monday, April 13th. Citigroup cut their price objective on 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 reiterated a “hold” rating and set a GBX 590 price objective on shares of Pennon Group in a research report on Thursday, June 11th. 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 report on Tuesday, June 16th. Finally, UBS Group reissued a “buy” rating and issued a GBX 650 target price on shares of Pennon Group in a research report on Friday, June 5th.

Pennon Group Stock Up 1.3%

Shares of Pennon Group stock opened at GBX 494.20 on Friday. The company has a market cap of £2.33 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. The company’s 50 day moving average is GBX 493.44 and its 200 day moving average is GBX 529.30. Pennon Group has a twelve month low of GBX 439.40 and a twelve month high of GBX 605. 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 (LON:PNN) last posted its earnings results on Wednesday, June 10th. The company reported GBX 28.30 EPS for the quarter. Pennon Group had a net margin of 7.09% and a return on equity of 6.61%. The business had revenue of GBX 129.14 billion during the quarter. Research analysts anticipate that Pennon Group will post 1.0402417 EPS 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.