Pennon Group Plc (LON:PNN) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Pennon Group Plc (LON:PNN) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 1,417.50.

Several brokerages have weighed in on PNN. UBS Group restated a “buy” rating and set a GBX 650 price target on shares of Pennon Group in a report on Friday, June 5th. Jefferies Financial Group lowered their price objective on Pennon Group from GBX 590 to GBX 500 and set a “hold” rating for the company in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. Finally, Citigroup reduced 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 report on Thursday, June 11th.

Pennon Group Stock Performance

LON:PNN opened at GBX 462.40 on Thursday. The company has a fifty day simple moving average of GBX 475.32 and a two-hundred day simple moving average of GBX 520.27. The company has a market cap of £2.18 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81. Pennon Group has a 52 week low of GBX 439.40 and a 52 week high of GBX 605.

Pennon Group (LON:PNN) last announced its quarterly earnings data on Wednesday, June 10th. The company reported GBX 28.30 earnings per share (EPS) for the quarter. The business had revenue of GBX 129.14 billion for the quarter. Pennon Group had a return on equity of 6.61% and a net margin of 7.09%. As a group, equities analysts anticipate that Pennon Group will post 1.0402417 earnings per share for the current fiscal year.

Insider Activity at Pennon Group

In other news, insider Laura Flowerdew sold 1,119 shares of the firm’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. Over the last quarter, insiders have purchased 92 shares of company stock valued at $44,844. Corporate insiders own 0.33% of the company’s stock.

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.