Pennon Group (LON:PNN – Get Rating)‘s stock had its “buy” rating reaffirmed by Citigroup in a research report issued to clients and investors on Wednesday, LSE.Co.UK reports. They presently have a GBX 1,160 ($14.23) price target on the stock. Citigroup’s target price indicates a potential upside of 15.08% from the stock’s previous close.
Several other analysts have also recently commented on PNN. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 1,050 ($12.88) price target on shares of Pennon Group in a report on Tuesday, May 3rd. Morgan Stanley restated an “overweight” rating on shares of Pennon Group in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,120 ($13.74) price target on shares of Pennon Group in a report on Wednesday, June 1st. Barclays restated an “overweight” rating and issued a GBX 1,300 ($15.95) price target on shares of Pennon Group in a report on Tuesday, May 31st. Finally, JPMorgan Chase & Co. decreased their target price on Pennon Group from GBX 1,200 ($14.72) to GBX 1,070 ($13.13) and set a “neutral” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 1,134.29 ($13.92).
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PNN opened at GBX 1,008 ($12.37) on Wednesday. The company has a debt-to-equity ratio of 251.21, a current ratio of 1.94 and a quick ratio of 1.50. The stock has a market capitalization of £2.67 billion and a price-to-earnings ratio of 205.71. The business has a 50-day moving average of GBX 1,048.90 and a two-hundred day moving average of GBX 1,071.17. Pennon Group has a 12 month low of GBX 754.67 ($9.26) and a 12 month high of GBX 1,335 ($16.38).
Pennon Group Company Profile (Get Rating)
Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company’s Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.
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