Deutsche Bank Aktiengesellschaft Raises Pennon Group (LON:PNN) Price Target to GBX 600

Pennon Group (LON:PNN) had its price objective raised by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 580 to GBX 600 in a report released on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 8.89% from the stock’s previous close.

A number of other research analysts have also recently issued reports on PNN. Citigroup cut shares of Pennon Group to a “neutral” rating and lifted their price objective for the company from GBX 539 to GBX 542 in a report on Monday, November 3rd. Barclays restated an “overweight” rating and set a GBX 670 price objective on shares of Pennon Group in a report on Thursday, October 16th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 604.

Pennon Group Price Performance

Pennon Group stock opened at GBX 551 on Monday. The stock has a market capitalization of £2.60 billion, a price-to-earnings ratio of 114.79, a PEG ratio of 8.20 and a beta of 0.29. Pennon Group has a 52-week low of GBX 383 and a 52-week high of GBX 605.50. The stock’s 50 day moving average price is GBX 526.83 and its two-hundred day moving average price is GBX 502.87. The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97.

Pennon Group (LON:PNN) last posted its quarterly earnings results on Thursday, November 27th. The company reported GBX 14 EPS for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%. On average, equities analysts predict that Pennon Group will post 1.0402417 earnings per share for the current year.

Insider Buying and Selling

In other Pennon Group news, insider David Sproul purchased 4,635 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was acquired at an average cost of GBX 536 per share, for a total transaction of £24,843.60. 0.32% of the stock is owned by 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.