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

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

Several research firms have recently issued reports on PNN. Citigroup decreased 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. JPMorgan Chase & Co. lifted their price target on shares of Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a research note on Monday, April 13th. Jefferies Financial Group reissued a “hold” rating and set a GBX 590 price objective on shares of Pennon Group in a research report on Thursday, June 11th. UBS Group reaffirmed a “buy” rating and issued a GBX 650 target price on shares of Pennon Group in a research note on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a report on Tuesday, June 16th.

Pennon Group Trading Up 1.3%

Shares of PNN traded up GBX 6 during trading hours on Friday, hitting GBX 476. 1,075,813 shares of the stock traded hands, compared to its average volume of 16,333,020. The firm has a market capitalization of £2.25 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 8.20 and a beta of 0.54. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81. Pennon Group has a 1-year low of GBX 439.40 and a 1-year high of GBX 605. The business has a fifty day moving average of GBX 498.03 and a 200-day moving average of GBX 530.47.

Pennon Group (LON:PNN) last issued its quarterly 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 company had revenue of GBX 129.14 billion during the quarter. Analysts expect 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.