Pennon Group’s (PNN) “Buy” Rating Reaffirmed at Jefferies Financial Group

Pennon Group (LON:PNN)‘s stock had its “buy” rating reissued by Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 380 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 15.92% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Pennon Group to a “hold” rating and cut their target price for the company from GBX 550 to GBX 380 in a research report on Monday. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 575 price target on shares of Pennon Group in a research report on Tuesday, August 25th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,255.71.

Pennon Group Trading Up 2.1%

Shares of PNN opened at GBX 327.80 on Wednesday. Pennon Group has a one year low of GBX 311.20 and a one year high of GBX 605. The stock has a 50-day moving average price of GBX 447.96 and a 200 day moving average price of GBX 484.87. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. The company has a market capitalization of £1.55 billion, a P/E ratio of 16.98, a P/E/G ratio of 8.20 and a beta of 0.57.

Insider Buying and Selling

In other news, insider Laura Flowerdew sold 1,119 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of GBX 493, for a total value of £5,516.67. Over the last 90 days, insiders purchased 96 shares of company stock worth $44,883. Company insiders own 0.32% of the company’s stock.

Pennon Group Company Profile

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.