Pennon Group (LON:PNN) Earns “Hold” Rating from Jefferies Financial Group

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

Several other equities analysts have also recently issued reports on PNN. Citigroup reduced their price objective on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating for the company in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft lowered their target price on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 575 price target on shares of Pennon Group in a research report on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Pennon Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,297.14.

Pennon Group Price Performance

Shares of LON:PNN opened at GBX 357 on Thursday. The firm has a market capitalization of £1.68 billion, a price-to-earnings ratio of 18.50, a price-to-earnings-growth ratio of 8.20 and a beta of 0.57. 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 business’s 50 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.

Insiders Place Their Bets

In other Pennon Group news, insider Laura Flowerdew sold 1,119 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of GBX 493, for a total transaction of £5,516.67. In the last three months, insiders acquired 96 shares of company stock valued at $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.