Pennon Group (LON:PNN) Given Hold Rating at Jefferies Financial Group

Pennon Group (LON:PNN)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They presently have a GBX 500 price objective on the stock. Jefferies Financial Group’s price objective points to a potential upside of 40.06% from the company’s previous close.

PNN has been the subject of several other reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 575 price target on shares of Pennon Group in a research report on Tuesday, August 25th. Finally, Citigroup cut their price target on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating for the company in a research note on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 1,297.14.

Pennon Group Stock Down 3.8%

PNN stock traded down GBX 14 during midday trading on Thursday, reaching GBX 357. 6,716,393 shares of the company’s stock traded hands, compared to its average volume of 12,931,086. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81. The firm’s fifty day moving average price is GBX 455.54 and its 200-day moving average price is GBX 488.66. Pennon Group has a 52 week low of GBX 340 and a 52 week high of GBX 605. The company has a market cap of £1.68 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 8.20 and a beta of 0.57.

Insider Buying and Selling

In other Pennon Group news, insider Laura Flowerdew sold 1,119 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of GBX 493, for a total value of £5,516.67. Insiders acquired 96 shares of company stock worth $44,883 in the last 90 days. Company insiders own 0.32% of the company’s stock.

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.