Pennon Group’s (PNN) Hold Rating Reaffirmed at Jefferies Financial Group

Pennon Group (LON:PNN)‘s stock had its “hold” rating reiterated by analysts at Jefferies Financial Group in a research note issued on Thursday, October 8th, Digital Look reports. They presently have a GBX 500 price objective on the stock. Jefferies Financial Group’s target price points to a potential upside of 55.38% from the stock’s current price.

A number of other equities analysts have also recently weighed in on PNN. Deutsche Bank Aktiengesellschaft decreased their price target on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a report on Tuesday, June 16th. Citigroup dropped their price objective on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 575 target price on shares of Pennon Group in a research report on Tuesday, August 25th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,255.71.

Pennon Group Stock Down 0.4%

Shares of LON:PNN traded down GBX 1.20 during mid-day trading on Thursday, hitting GBX 321.80. 304,394,469 shares of the company traded hands, compared to its average volume of 14,252,163. The firm has a market cap of £1.52 billion, a P/E ratio of 16.67, a PEG ratio of 8.20 and a beta of 0.57. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. Pennon Group has a 52-week low of GBX 311.20 and a 52-week high of GBX 605. The firm’s 50 day simple moving average is GBX 445.28 and its 200 day simple moving average is GBX 483.48.

Insider Activity

In related 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 value of £5,516.67. Insiders bought 96 shares of company stock worth $44,883 over the last 90 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.