Pennon Group (LON:PNN) Earns Buy Rating from Jefferies Financial Group

Pennon Group (LON:PNN - Get Free Report)'s stock had its "buy" rating reissued by Jefferies Financial Group in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 830 ($10.50) price target on the stock. Jefferies Financial Group's price objective indicates a potential upside of 30.81% from the stock's previous close.

Pennon Group Stock Up 0.5 %

LON:PNN traded up GBX 3 ($0.04) on Thursday, hitting GBX 634.50 ($8.03). 484,508 shares of the company's stock were exchanged, compared to its average volume of 885,963. The firm has a 50-day moving average price of GBX 665.64 and a 200-day moving average price of GBX 694.51. The company has a debt-to-equity ratio of 340.01, a current ratio of 1.27 and a quick ratio of 1.54. Pennon Group has a 52 week low of GBX 532.83 ($6.74) and a 52 week high of GBX 899.50 ($11.38). The company has a market cap of £1.81 billion, a P/E ratio of -10,575.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

About Pennon Group

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.