Pennon Group - PNN Share Forecast, Price & News

7 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 3 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.
View PNN analyst ratings or view top-rated stocks.

7 brokerages have issued 12-month price objectives for Pennon Group's stock. Their PNN share price forecasts range from GBX 880 to GBX 1,300. On average, they predict the company's share price to reach GBX 1,072.14 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
View analysts price targets for PNN or view top-rated stocks among Wall Street analysts.

Pennon Group's stock was trading at GBX 888.50 on January 1st, 2023. Since then, PNN stock has decreased by 2.7% and is now trading at GBX 864.50.
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Pennon Group Plc (LON:PNN) released its earnings results on Thursday, June, 4th. The company reported $61.70 earnings per share for the quarter, topping the consensus estimate of $56.40 by $5.30. Pennon Group had a trailing twelve-month return on equity of 4.56% and a net margin of 6.77%.

Pennon Group declared a dividend on Thursday, November 30th. Shareholders of record on Thursday, January 26th will be given a dividend of GBX 12.96 per share on Wednesday, April 5th. This represents a dividend yield of 1.42%. The ex-dividend date is Thursday, January 26th. 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 40 per share and currently has a dividend yield of 4.62%. PNN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 22,222.22%. Payout ratios above 75% are not desirable because they may not be sustainable.
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 864.50.

Pennon Group (LON:PNN) has a market capitalization of £2.26 billion and generates £827.50 million in revenue each year. The company earns £56 million in net income (profit) each year or GBX 0.18 on an earnings per share basis.

The company employs 2,500 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.