Pennon Group’s (PNN) “Hold” Rating Reiterated at Jefferies Financial Group

Pennon Group (LON:PNN)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They presently have a GBX 500 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 40.06% from the company’s current price.

Several other research analysts also recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 575 target price on shares of Pennon Group in a research note on Tuesday, August 25th. 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 note on Tuesday, June 16th. Finally, Citigroup cut their target price on shares of 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. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,297.14.

Pennon Group Stock Down 3.8%

Shares of PNN opened at GBX 357 on Thursday. Pennon Group has a one year low of GBX 340 and a one year high of GBX 605. The firm has a 50 day simple moving average of GBX 453.43 and a two-hundred day simple moving average of GBX 487.74. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.53. The company has a market cap of £1.68 billion, a P/E ratio of 18.50, a P/E/G ratio of 8.20 and a beta of 0.57.

Insider Activity

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 90 days, insiders have purchased 96 shares of company stock valued at $44,883. 0.32% of the stock is currently 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.