Pennon Group (LON:PNN – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 380 price target on the stock. Jefferies Financial Group‘s target price indicates a potential upside of 12.76% from the company’s previous close.
Other equities analysts have also issued reports about the stock. Deutsche Bank lowered shares of Pennon Group to a “hold” rating and cut their price target for the stock from GBX 550 to GBX 380 in a report on Monday, October 12th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 575 price objective on shares of Pennon Group in a report on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,353.33.
View Our Latest Stock Report on Pennon Group
Pennon Group Trading Up 0.7%
LON:PNN opened at GBX 337 on Thursday. Pennon Group has a 52 week low of GBX 311.20 and a 52 week high of GBX 605. The firm has a 50 day moving average of GBX 394.01 and a 200 day moving average of GBX 484.80. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81. The stock has a market capitalization of £2.33 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 8.20 and a beta of 0.55.
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.
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