Pennon Group’s (PNN) Buy Rating Reiterated at Jefferies Financial Group

Pennon Group (LON:PNN)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 380 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 16.71% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Pennon Group to a “hold” rating and decreased their price target for the stock 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Pennon Group currently has an average rating of “Moderate Buy” and an average price target of GBX 1,255.71.

Pennon Group Price Performance

PNN stock opened at GBX 325.60 on Wednesday. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81. Pennon Group has a 12-month low of GBX 311.20 and a 12-month high of GBX 605. The company has a market cap of £1.54 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 8.20 and a beta of 0.57. The stock has a 50-day moving average price of GBX 447.96 and a two-hundred day moving average price of GBX 484.87.

Insider Activity at Pennon Group

In other news, insider Laura Flowerdew sold 1,119 shares of the firm’s 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 acquired 96 shares of company stock worth $44,883 over the last quarter. 0.32% of the stock is currently owned by company insiders.

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.