Pennon Group Plc (LON:PNN) Stock Has Consensus Price Target of GBX 1,297.14 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Pennon Group, with five buy ratings and two holds. The average 12-month price target is GBX 1,297.14.
• Recent broker updates were mixed: UBS, Deutsche Bank, RBC, and Citigroup retained buy or outperform views, while Jefferies maintained a hold rating after cutting its target to GBX 500.
• Pennon shares opened at GBX 452.60, near their 52-week low of GBX 439.25 and below the 50- and 200-day moving averages. Insider ownership is 0.32%, with one insider recently selling shares.

Shares of Pennon Group Plc (LON:PNN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 1,297.14.

Several analysts recently issued reports on PNN shares. UBS Group restated a "buy" rating and set a GBX 650 target price on shares of Pennon Group in a research report on Friday, June 5th. Jefferies Financial Group decreased their price target on shares of Pennon Group from GBX 590 to GBX 500 and set a "hold" rating on the stock in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Pennon Group from GBX 620 to GBX 550 and set a "buy" rating on the stock in a research note on Tuesday, June 16th. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 575 price objective on shares of Pennon Group in a research report on Tuesday, August 25th. Finally, Citigroup reduced their price objective on Pennon Group from GBX 6,560 to GBX 5,520 and set a "buy" rating for the company in a research note on Thursday, June 11th.

Insider Transactions at Pennon Group

In other Pennon Group 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 transaction of £5,516.67. Insiders bought a total of 96 shares of company stock worth $44,883 over the last three months. Insiders own 0.32% of the company's stock.

Pennon Group Price Performance

LON PNN opened at GBX 452.60 on Friday. The company has a 50-day moving average price of GBX 464.10 and a 200-day moving average price of GBX 496.26. Pennon Group has a 52 week low of GBX 439.25 and a 52 week high of GBX 605. 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 firm has a market capitalization of £2.14 billion, a P/E ratio of 23.45, a PEG ratio of 8.20 and a beta of 0.57.

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.

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