Pennon Group (LON:PNN) Price Target Raised to GBX 636

Pennon Group (LON:PNN) had its price target upped by Citigroup from GBX 628 to GBX 636 in a report published on Wednesday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised their target price on Pennon Group from GBX 580 to GBX 600 and gave the stock a “buy” rating in a report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Pennon Group has a consensus rating of “Buy” and a consensus price target of GBX 635.33.

Pennon Group Stock Down 0.5%

LON:PNN opened at GBX 551.50 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.62 and a debt-to-equity ratio of 357.72. Pennon Group has a 12-month low of GBX 405.40 and a 12-month high of GBX 605. The stock’s fifty day simple moving average is GBX 560.23 and its 200-day simple moving average is GBX 521.46. The firm has a market capitalization of £2.60 billion, a P/E ratio of 114.90, a P/E/G ratio of 8.20 and a beta of 0.51.

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.