Pennon Group Plc (LON:PNN) Receives Consensus Rating of “Moderate Buy” from Analysts

Pennon Group Plc (LON:PNN) has earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is GBX 1,297.14.

Several research firms have recently issued reports on PNN. 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 reduced their price target on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a report on Tuesday, June 16th. Citigroup lowered 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. Jefferies Financial Group dropped their price objective on Pennon Group from GBX 590 to GBX 500 and set a “hold” rating on the stock in a report on Monday, August 3rd. Finally, UBS Group restated a “buy” rating and issued a GBX 650 price objective on shares of Pennon Group in a research report on Friday, June 5th.

Insider Transactions at Pennon Group

In related news, insider Laura Flowerdew sold 1,119 shares of Pennon Group 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. Over the last 90 days, insiders have acquired 95 shares of company stock valued at $44,685. 0.33% of the stock is currently owned by company insiders.

Pennon Group Stock Performance

Shares of LON PNN opened at GBX 477 on Monday. The company’s fifty day moving average price is GBX 470.43 and its 200 day moving average price is GBX 512.88. Pennon Group has a 1 year low of GBX 439.40 and a 1 year high of GBX 605. The company has a market capitalization of £2.25 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51.

Pennon Group (LON:PNN) last released its quarterly earnings results on Wednesday, June 10th. The company reported GBX 28.30 EPS for the quarter. Pennon Group had a net margin of 7.09% and a return on equity of 6.61%. The company had revenue of GBX 129.14 billion for the quarter. On average, research analysts predict that Pennon Group will post 1.0402417 earnings per share for the current year.

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.