Pennon Group plc (LON:PNN) Receives GBX 969 Consensus Target Price from Brokerages
Shares of Pennon Group plc (LON:PNN) have received an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 969 ($12.75).
PNN has been the topic of a number of recent analyst reports. Credit Suisse Group restated an “underperform” rating on shares of Pennon Group in a research report on Monday. Royal Bank of Canada increased their price objective on shares of Pennon Group from GBX 875 ($11.51) to GBX 1,200 ($15.79) and gave the stock an “outperform” rating in a research report on Friday, January 17th. Deutsche Bank increased their price objective on shares of Pennon Group from GBX 880 ($11.58) to GBX 1,020 ($13.42) and gave the stock a “buy” rating in a research report on Monday, December 16th. Barclays reissued an “overweight” rating on shares of Pennon Group in a research note on Thursday, November 14th. Finally, Citigroup lowered shares of Pennon Group to a “neutral” rating in a report on Wednesday, November 27th.
LON:PNN traded up GBX 25 ($0.33) on Tuesday, reaching GBX 1,116.50 ($14.69). 833,802 shares of the stock traded hands, compared to its average volume of 1,760,000. The firm has a market capitalization of $4.67 billion and a price-to-earnings ratio of 20.15. The company’s 50 day moving average is GBX 1,018.59 and its 200-day moving average is GBX 859.40. The company has a current ratio of 2.31, a quick ratio of 1.78 and a debt-to-equity ratio of 240.10. Pennon Group has a 1-year low of GBX 693.40 ($9.12) and a 1-year high of GBX 1,110.50 ($14.61).
Pennon Group Company Profile
Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.
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