Pennon Group Plc (LON:PNN) Receives GBX 1,432.50 Consensus Price Target from Brokerages

Pennon Group Plc (LON:PNN) has received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 1,432.50.

Several equities analysts recently commented on PNN shares. UBS Group restated a “buy” rating and issued a GBX 650 price target on shares of Pennon Group in a research note on Friday, June 5th. JPMorgan Chase & Co. lifted their price objective on shares of Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 590 price objective on shares of Pennon Group in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft decreased 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 report on Tuesday, June 16th. Finally, Citigroup lowered 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

PNN opened at GBX 497.20 on Friday. The business has a fifty day simple moving average of GBX 494.33 and a 200 day simple moving average of GBX 529.55. The company has a market capitalization of £2.35 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. Pennon Group has a 1 year low of GBX 439.40 and a 1 year high of GBX 605. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.53.

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

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.