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

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

A number of other brokerages have also weighed in on PNN. Royal Bank Of Canada restated an “outperform” rating and set a GBX 575 price target 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 on the stock in a research report on Tuesday, June 16th. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,297.14.

Pennon Group Trading Down 3.8%

Shares of LON:PNN opened at GBX 357 on Thursday. The company has a market capitalization of £1.68 billion, a PE ratio of 18.50, a P/E/G ratio of 8.20 and a beta of 0.57. The business’s fifty day simple moving average is GBX 453.43 and its 200-day simple moving average is GBX 487.74. Pennon Group has a 12-month low of GBX 340 and a 12-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.

Insider Transactions at Pennon Group

In other news, insider Laura Flowerdew sold 1,119 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of GBX 493, for a total transaction of £5,516.67. Over the last quarter, insiders bought 96 shares of company stock valued at $44,883. 0.32% of the stock is owned by company insiders.

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.