Pennon Group Plc (LON:PNN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Pennon Group Plc (LON:PNN) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 1,432.50.

Several research analysts have issued reports on PNN shares. JPMorgan Chase & Co. boosted their target price on Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft dropped their target price on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a research report on Tuesday. UBS Group restated a “buy” rating and set a GBX 650 target price on shares of Pennon Group in a research report on Friday, June 5th. Jefferies Financial Group restated a “hold” rating and set a GBX 590 target price on shares of Pennon Group in a research report on Thursday, June 11th. Finally, Citigroup dropped their target price on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating for the company in a research report on Thursday, June 11th.

Pennon Group Stock Down 1.4%

Shares of LON:PNN opened at GBX 463.40 on Tuesday. Pennon Group has a 1 year low of GBX 439.40 and a 1 year high of GBX 605. The business has a 50 day simple moving average of GBX 525.19 and a two-hundred day simple moving average of GBX 538.65. The firm has a market capitalization of £2.19 billion, a PE ratio of 96.54, a price-to-earnings-growth ratio of 8.20 and a beta of 0.54. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.54.

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