Pennon Group’s (PNN) “Outperform” Rating Reiterated at Royal Bank Of Canada

Pennon Group (LON:PNN)‘s stock had its “outperform” rating reiterated by stock analysts at Royal Bank Of Canada in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 575 price target on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 23.98% from the stock’s previous close.

Several other research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a report on Tuesday, June 16th. Citigroup cut their price target on 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. UBS Group reaffirmed a “buy” rating and set a GBX 650 price target on shares of Pennon Group in a research report on Friday, June 5th. Finally, Jefferies Financial Group reduced their price objective on Pennon Group from GBX 590 to GBX 500 and set a “hold” rating for the company in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,297.14.

Pennon Group Price Performance

Shares of LON:PNN opened at GBX 463.80 on Tuesday. Pennon Group has a twelve month low of GBX 439.40 and a twelve month high of GBX 605. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81. The company has a market cap of £2.19 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. The company’s 50 day moving average is GBX 469.58 and its 200 day moving average is GBX 515.15.

Pennon Group (LON:PNN) last announced its quarterly earnings data 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%. On average, sell-side analysts forecast that Pennon Group will post 1.0402417 EPS for the current year.

Insider Buying and Selling at Pennon Group

In other news, insider Laura Flowerdew sold 1,119 shares of Pennon Group stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of GBX 493, for a total transaction of £5,516.67. Over the last ninety days, insiders have purchased 95 shares of company stock worth $44,685. 0.33% of the stock is owned by insiders.

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.