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

Jefferies Financial Group reissued their hold rating on shares of Pennon Group (LON:PNN) in a research report sent to investors on Thursday,Digital Look reports. The brokerage currently has a GBX 500 target price on the stock.

Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft decreased their target price 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 cut their price target on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a report on Thursday, June 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 575 price target on shares of Pennon Group in a research report on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,297.14.

Pennon Group Stock Performance

Shares of PNN opened at GBX 357 on Thursday. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. The stock has a 50-day moving average of GBX 453.43 and a two-hundred day moving average of GBX 487.74. The stock has a market cap of £1.68 billion, a P/E ratio of 18.50, a P/E/G ratio of 8.20 and a beta of 0.57. Pennon Group has a one year low of GBX 340 and a one year high of GBX 605.

Insiders Place Their Bets

In other Pennon Group news, insider Laura Flowerdew sold 1,119 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of GBX 493, for a total value of £5,516.67. Insiders purchased 96 shares of company stock worth $44,883 in the last three months. 0.32% of the stock is currently owned by company insiders.

Pennon Group Company Profile

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.