Jefferies Financial Group Has Lowered Expectations for Pennon Group (LON:PNN) Stock Price

Pennon Group (LON:PNN) had its price objective lowered by research analysts at Jefferies Financial Group from GBX 590 to GBX 500 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 7.85% from the company’s current price.

Several other analysts have also recently issued reports on PNN. Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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 reaffirmed a “buy” rating and set a GBX 650 target price on shares of Pennon Group in a research note on Friday, June 5th. JPMorgan Chase & Co. increased their target price on shares of Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a report on Monday, April 13th. Finally, Citigroup decreased their price target on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating for the company in a research report on Thursday, June 11th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,417.50.

Pennon Group Price Performance

PNN stock opened at GBX 463.60 on Monday. The business’s fifty day moving average price is GBX 483.99 and its 200 day moving average price is GBX 524.75. Pennon Group has a 12-month low of GBX 439.40 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 company has a market capitalization of £2.19 billion, a PE ratio of 24.02, a P/E/G ratio of 8.20 and a beta of 0.56.

Pennon Group (LON:PNN) last released its earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share for the quarter. The company had revenue of GBX 129.14 billion during the quarter. Pennon Group had a return on equity of 6.61% and a net margin of 7.09%. On average, sell-side analysts anticipate that Pennon Group will post 1.0402417 EPS for the current year.

Insider Buying and Selling

In other Pennon Group 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 value of £5,516.67. Insiders acquired a total of 92 shares of company stock valued at $44,844 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

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.