Pennon Group (LON:PNN) Releases Quarterly Earnings Results

Pennon Group (LON:PNN) posted its quarterly earnings data on Thursday. The company reported GBX 14 earnings per share for the quarter, Digital Look Earnings reports. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%.

Pennon Group Price Performance

Shares of LON:PNN opened at GBX 551.50 on Friday. The firm has a market capitalization of £2.60 billion, a price-to-earnings ratio of -34.25, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54. The business’s 50 day simple moving average is GBX 501.18 and its 200-day simple moving average is GBX 493.13. Pennon Group has a 12 month low of GBX 383 and a 12 month high of GBX 624.

Wall Street Analyst Weigh In

Several research firms have recently commented on PNN. Barclays restated an “overweight” rating and issued a GBX 670 target price on shares of Pennon Group in a research note on Thursday, October 16th. Citigroup downgraded shares of Pennon Group to a “neutral” rating and raised their price objective for the company from GBX 539 to GBX 542 in a research report on Monday, November 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 606.

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.