Pennon Group (LON:PNN) Stock Rating Lowered by Deutsche Bank Aktiengesellschaft

Pennon Group (LON:PNN) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft to a “hold” rating in a report released on Monday, MarketBeat reports. They currently have a GBX 380 price objective on the stock, down from their previous price objective of GBX 550. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 18.31% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 500 price target on shares of Pennon Group in a research report on Thursday, October 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 575 price objective on shares of Pennon Group in a research report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Pennon Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,272.86.

Pennon Group Stock Down 0.6%

PNN stock opened at GBX 321.20 on Monday. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. The company has a market capitalization of £1.52 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 8.20 and a beta of 0.57. Pennon Group has a fifty-two week low of GBX 311.20 and a fifty-two week high of GBX 605. The stock has a fifty day moving average of GBX 447.96 and a 200-day moving average of GBX 484.87.

Insider Activity at Pennon Group

In other news, insider Laura Flowerdew sold 1,119 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of GBX 493, for a total transaction of £5,516.67. Insiders bought a total of 96 shares of company stock worth $44,883 over the last ninety days. 0.32% of the stock is currently owned by insiders.

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.