Pennon Group Plc (LON:PNN) Stock Has Average Price Target of GBX 1,353.33

Shares of Pennon Group Plc (LON:PNN) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 1,353.33.

PNN has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 575 price objective on shares of Pennon Group in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft downgraded Pennon Group to a “hold” rating and dropped their target price for the company from GBX 550 to GBX 380 in a research report on Monday, October 12th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 380 price target on shares of Pennon Group in a report on Wednesday, October 14th.

Pennon Group Price Performance

Shares of LON:PNN opened at GBX 326.80 on Tuesday. The firm has a 50 day moving average of GBX 436.69 and a 200-day moving average of GBX 479.23. Pennon Group has a 12 month low of GBX 311.20 and a 12 month high of GBX 605. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81. The stock has a market capitalization of £1.54 billion, a PE ratio of 16.93, a PEG ratio of 8.20 and a beta of 0.57.

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.