Pennon Group Plc (LON:PNN) Stock Has Average Target Price of GBX 1,297.14

Shares of Pennon Group Plc (LON:PNN) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,297.14.

Several research firms recently weighed in on PNN. Deutsche Bank Aktiengesellschaft dropped their price target on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. UBS Group restated a “buy” rating and set a GBX 650 price objective on shares of Pennon Group in a research report on Friday, June 5th. Jefferies Financial Group lowered their target price on Pennon Group from GBX 590 to GBX 500 and set a “hold” rating on the stock in a research note on Monday, August 3rd. Citigroup dropped their target price on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a report on Thursday, June 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 575 price target on shares of Pennon Group in a research report on Tuesday, August 25th.

Insider Buying and Selling at Pennon Group

In related news, insider Laura Flowerdew sold 1,119 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of GBX 493, for a total transaction of £5,516.67. Insiders have acquired 96 shares of company stock valued at $44,883 over the last 90 days. Corporate insiders own 0.32% of the company’s stock.

Pennon Group Price Performance

PNN opened at GBX 451.20 on Friday. The stock has a fifty day moving average of GBX 460.17 and a 200-day moving average of GBX 492.81. The firm has a market capitalization of £2.13 billion, a P/E ratio of 23.38, a PEG ratio of 8.20 and a beta of 0.57. Pennon Group has a 12-month low of GBX 435.60 and a 12-month high of GBX 605. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81.

About Pennon Group

At the top end of the FTSE 250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive. Our 25-year rolling licence provides predictable index-linked growth and visibility over future revenues.

We provide clean and wastewater services through our businesses across the Great South West.