Pennon Group (PNN) Share Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pennon Group in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNN, but not buy additional shares or sell existing shares.
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6 brokers have issued 1 year price objectives for Pennon Group's shares. Their PNN share price forecasts range from GBX 780 to GBX 1,300. On average, they expect the company's share price to reach GBX 1,000.83 in the next twelve months. This suggests a possible upside of 63.7% from the stock's current price.
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Pennon Group's stock was trading at GBX 888.50 at the beginning of the year. Since then, PNN stock has decreased by 31.2% and is now trading at GBX 611.50.
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Pennon Group Plc (LON:PNN) posted its earnings results on Thursday, June, 4th. The company reported $61.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $56.40 by $5.30. Pennon Group had a trailing twelve-month return on equity of 0.03% and a net margin of 0.01%.

Pennon Group declared a dividend on Thursday, June 1st. Investors of record on Thursday, July 20th will be paid a dividend of GBX 29.77 per share on Monday, September 4th. This represents a dividend yield of 3.85%. The ex-dividend date is Thursday, July 20th. This is a boost from the stock's previous dividend of GBX 12.96. The official announcement can be seen at this link.
Read our dividend analysis for PNN.

Pennon Group (LON:PNN) pays an annual dividend of GBX 43 per share and currently has a dividend yield of 6.75%. PNN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PNN.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pennon Group investors own include The Berkeley Group (BKG), Barclays (BARC), BP (BP), Glencore (GLEN), HSBC (HSBA), Legal & General Group (LGEN), Prudential (PRU), Unilever (ULVR), Howden Joinery Group (HWDN) and Lloyds Banking Group (LLOY).

Pennon Group trades on the London Stock Exchange (LON) under the ticker symbol "PNN."

Shares of PNN stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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One share of PNN stock can currently be purchased for approximately GBX 611.50.

Pennon Group (LON:PNN) has a market capitalization of £1.60 billion and generates £796.20 million in revenue each year.

The company employs 3,000 workers across the globe.

Pennon Group's mailing address is Peninsula House, Rydon Lane, EXETER, EX2 7HR, United Kingdom. The official website for the company is www.pennon-group.co.uk. The company can be reached via phone at +44-1392-446677.