Pennon Group Plc (LON:PNN) Receives GBX 1,297.14 Average Target Price from Brokerages

Shares of Pennon Group Plc (LON:PNN) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 1,297.14.

A number of equities research analysts have recently commented on PNN shares. UBS Group reiterated a “buy” rating and set a GBX 650 price target on shares of Pennon Group in a report on Friday, June 5th. Jefferies Financial Group reduced their price objective on shares of Pennon Group from GBX 590 to GBX 500 and set a “hold” rating on the stock in a research note on Monday, August 3rd. Citigroup decreased their target price on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 575 target price on shares of Pennon Group in a research note on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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.

Insider Buying and Selling

In other news, insider Laura Flowerdew sold 1,119 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of GBX 493, for a total transaction of £5,516.67. In the last three months, insiders bought 95 shares of company stock valued at $44,685. 0.32% of the stock is owned by insiders.

Pennon Group Stock Down 0.5%

PNN opened at GBX 463.36 on Monday. The firm has a market cap of £2.19 billion, a P/E ratio of 24.01, a PEG ratio of 8.20 and a beta of 0.56. The business’s fifty day simple moving average is GBX 470.58 and its 200 day simple moving average is GBX 509.11. Pennon Group has a 52 week low of GBX 443 and a 52 week 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 announced its earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share for the quarter. The firm 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%. As a group, equities research analysts anticipate that Pennon Group will post 1.0402417 EPS for the current fiscal 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.