Pennon Group (LON:PNN) Reaches New 12-Month High – Time to Buy?

Pennon Group Plc (LON:PNN)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 598 and last traded at GBX 597, with a volume of 465481 shares traded. The stock had previously closed at GBX 586.50.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Pennon Group from GBX 580 to GBX 600 and gave the company a “buy” rating in a research note on Monday, January 19th. Citigroup cut shares of Pennon Group to a “neutral” rating and lifted their price target for the company from GBX 539 to GBX 542 in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Pennon Group currently has an average rating of “Moderate Buy” and an average price target of GBX 604.

Pennon Group Trading Up 1.5%

The firm has a fifty day moving average of GBX 547.66 and a 200 day moving average of GBX 513.79. The firm has a market capitalization of £2.81 billion, a PE ratio of 124.06, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97.

Pennon Group (LON:PNN) last released its quarterly earnings results on Thursday, November 27th. The company reported GBX 14 earnings per share for the quarter. Pennon Group had a negative return on equity of 0.88% and a negative net margin of 1.05%. Equities research analysts expect that Pennon Group Plc will post 1.0402417 EPS for the current year.

Insiders Place Their Bets

In other news, insider David Sproul purchased 4,635 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was acquired at an average cost of GBX 536 per share, with a total value of £24,843.60. Insiders own 0.37% 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.