Pennon Group (LON:PNN) Stock Rating Reaffirmed as Hold by Jefferies Financial Group

Pennon Group (LON:PNN)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 500 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 40.06% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on 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 set a GBX 575 target price on shares of Pennon Group in a research report on Tuesday, August 25th. Finally, Citigroup decreased 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Pennon Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,297.14.

Pennon Group Stock Down 3.8%

Shares of PNN stock traded down GBX 14 during trading hours on Thursday, reaching GBX 357. 6,716,393 shares of the company’s stock were exchanged, compared to its average volume of 12,931,086. The stock’s 50 day moving average is GBX 453.43 and its 200-day moving average is GBX 487.74. 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. 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 fifty-two week low of GBX 340 and a fifty-two week high of GBX 605.

Insider Buying and Selling

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

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.