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

Shares of Pennon Group Plc (LON:PNN) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,432.50.

PNN has been the subject of several research analyst reports. Citigroup reduced their target price on shares of 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. JPMorgan Chase & Co. lifted their target price on shares of Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a report on Monday, April 13th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 590 target price on shares of Pennon Group in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a report on Tuesday, June 16th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 650 target price on shares of Pennon Group in a report on Friday, June 5th.

Pennon Group Trading Down 0.8%

Shares of Pennon Group stock opened at GBX 459.60 on Tuesday. The business has a fifty day simple moving average of GBX 518.33 and a two-hundred day simple moving average of GBX 536.52. 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 £2.17 billion, a price-to-earnings ratio of 95.75, a P/E/G ratio of 8.20 and a beta of 0.54. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.54.

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