Pennon Group plc (LON:PNN) Given Average Recommendation of “Hold” by Brokerages

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Pennon Group plc (LON:PNN) has been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 1,007.71 ($13.26).

Several analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Pennon Group from GBX 875 ($11.51) to GBX 1,200 ($15.79) and gave the stock an “outperform” rating in a research report on Friday, January 17th. Investec downgraded shares of Pennon Group to a “hold” rating and boosted their price objective for the stock from GBX 890 ($11.71) to GBX 1,000 ($13.15) in a research report on Thursday, December 19th. Goldman Sachs Group boosted their price objective on shares of Pennon Group from GBX 934 ($12.29) to GBX 974 ($12.81) and gave the stock a “buy” rating in a research report on Wednesday, December 4th. BNP Paribas downgraded shares of Pennon Group to an “underperform” rating and reduced their price objective for the stock from GBX 800 ($10.52) to GBX 750 ($9.87) in a research report on Thursday, December 5th. Finally, Jefferies Financial Group boosted their price objective on shares of Pennon Group from GBX 740 ($9.73) to GBX 1,090 ($14.34) and gave the stock a “hold” rating in a research report on Tuesday.

Shares of LON:PNN opened at GBX 1,173.50 ($15.44) on Friday. The company has a market capitalization of $4.94 billion and a PE ratio of 21.18. The company has a current ratio of 2.31, a quick ratio of 1.78 and a debt-to-equity ratio of 240.10. Pennon Group has a twelve month low of GBX 693.40 ($9.12) and a twelve month high of GBX 1,147.50 ($15.09). The firm has a 50 day simple moving average of GBX 1,079.06 and a 200-day simple moving average of GBX 899.93.

The firm also recently announced a dividend, which will be paid on Friday, April 3rd. Stockholders of record on Thursday, January 23rd will be issued a GBX 13.66 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 1.45%. Pennon Group’s payout ratio is 0.76%.

Pennon Group Company Profile

Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.

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Analyst Recommendations for Pennon Group (LON:PNN)

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