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LON:PNN

Pennon Group - PNN Share Forecast, Price & News

GBX 1,013
-9.00 (-0.88%)
(As of 08/15/2022 04:35 PM ET)
Add
Compare
Today's Range
1,002
1,026
50-Day Range
952.50
1,058.01
52-Week Range
932.81
1,335
Volume
578,290 shs
Average Volume
945,001 shs
Market Capitalization
£2.67 billion
P/E Ratio
20,260.00
Dividend Yield
3.77%
Price Target
GBX 1,134.29

Pennon Group MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
12.0% Upside
GBX 1,134.29 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.82
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
£2.85 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.76 out of 5 stars

PNN stock logo

About Pennon Group (LON:PNN) Stock

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. The company also offers regulated water to approximately 1.2 million customers in the Bristol region. It serves approximately 50 million household and non-household customers. The company was incorporated in 1989 and is based in Exeter, the United Kingdom.

Pennon Group Trading Down 0.3 %

Shares of PNN traded down GBX 3 ($0.04) during trading hours on Friday, hitting GBX 1,022 ($12.35). 484,428 shares of the stock were exchanged, compared to its average volume of 947,382. Pennon Group has a fifty-two week low of GBX 932.81 ($11.27) and a fifty-two week high of GBX 1,335 ($16.13). The company has a debt-to-equity ratio of 251.21, a current ratio of 1.94 and a quick ratio of 1.50. The business has a 50-day moving average of GBX 1,005.39 and a 200-day moving average of GBX 1,035.14. The firm has a market capitalization of £2.69 billion and a P/E ratio of 20,440.00.

Pennon Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 5th. Stockholders of record on Thursday, July 21st will be given a dividend of GBX 26.83 ($0.32) per share. The ex-dividend date is Thursday, July 21st. This is a boost from Pennon Group's previous dividend of $11.70. This represents a dividend yield of 2.61%. Pennon Group's dividend payout ratio is 683.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup reissued a "buy" rating and issued a GBX 1,160 ($14.02) price objective on shares of Pennon Group in a research note on Wednesday, June 29th. Barclays reaffirmed an "overweight" rating and set a GBX 1,300 ($15.71) price target on shares of Pennon Group in a research note on Tuesday, May 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a GBX 1,050 ($12.69) price target on shares of Pennon Group in a research note on Tuesday, May 3rd. JPMorgan Chase & Co. dropped their price target on shares of Pennon Group from GBX 1,200 ($14.50) to GBX 1,070 ($12.93) and set a "neutral" rating for the company in a research note on Tuesday, June 28th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Pennon Group in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 1,134.29 ($13.71).

Insider Transactions at Pennon Group

In other news, insider Paul Boote sold 2,906 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of GBX 980 ($11.84), for a total transaction of £28,478.80 ($34,411.31).

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PNN Stock News Headlines

Deals of the day Mergers and acquisitions
Pennon Group PLC : Price Monitoring Extension
Pennon sees record demand for water pushing revenues higher
Pennon Group PLC : Results Announcement for Pennon notes due 2022
Pennon Group PLC : Director/PDMR Shareholding
Pennon Share News (PNN)
See More Headlines
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PNN Company Calendar

Last Earnings
6/04/2020
Ex-Dividend for 9/5 Dividend
7/21/2022
Today
8/15/2022
Dividend Payable
9/05/2022

Industry, Sector and Symbol

Industry
Utilities - Regulated Water
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
2,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
GBX 1,134.29
High Stock Price Forecast
GBX 1,300
Low Stock Price Forecast
GBX 1,020
Forecasted Upside/Downside
+12.0%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
£791.30 million
Cash Flow
GBX 133.16 per share
Book Value
GBX 481.70 per share

Miscellaneous

Free Float
N/A
Market Cap
£2.67 billion
Optionable
Not Optionable
Beta
N/A














PNN Stock - Frequently Asked Questions

Should I buy or sell Pennon Group stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Pennon Group in the last year. There are currently 1 sell rating, 3 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.

What is Pennon Group's stock price forecast for 2022?

7 brokers have issued 1-year target prices for Pennon Group's stock. Their PNN share price forecasts range from GBX 1,020 to GBX 1,300. On average, they predict the company's stock price to reach GBX 1,134.29 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for PNN
or view top-rated stocks among Wall Street analysts.

How have PNN shares performed in 2022?

Pennon Group's stock was trading at GBX 1,167 on January 1st, 2022. Since then, PNN shares have decreased by 13.8% and is now trading at GBX 1,006.
View the best growth stocks for 2022 here
.

How were Pennon Group's earnings last quarter?

Pennon Group Plc (LON:PNN) issued its quarterly earnings results on Thursday, June, 4th. The company reported $61.70 earnings per share for the quarter, beating analysts' consensus estimates of $56.40 by $5.30.

How often does Pennon Group pay dividends? What is the dividend yield for Pennon Group?

Pennon Group announced a dividend on Tuesday, May 31st. Shareholders of record on Thursday, July 21st will be given a dividend of GBX 26.83 per share on Monday, September 5th. This represents a dividend yield of 2.61%. The ex-dividend date is Thursday, July 21st. This is a boost from the stock's previous dividend of GBX 11.70. The official announcement can be seen at this link.
Read our dividend analysis for PNN
.

Is Pennon Group a good dividend stock?

Pennon Group (LON:PNN) pays an annual dividend of GBX 0.34 per share and currently has a dividend yield of 3.77%. The dividend payout ratio is 683.20%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for PNN.

What other stocks do shareholders of Pennon Group own?

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).

What is Pennon Group's stock symbol?

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

How do I buy shares of Pennon Group?

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.
Compare Top Brokerages Here.

What is Pennon Group's stock price today?

One share of PNN stock can currently be purchased for approximately GBX 1,006.

How much money does Pennon Group make?

Pennon Group (LON:PNN) has a market capitalization of £2.65 billion and generates £791.30 million in revenue each year.

How many employees does Pennon Group have?

The company employs 2,500 workers across the globe.

How can I contact Pennon Group?

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.

This page (LON:PNN) was last updated on 8/15/2022 by MarketBeat.com Staff

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