Pennon Group (LON:PNN) Receives Sector Perform Rating from Royal Bank of Canada

Pennon Group (LON:PNNGet Rating)‘s stock had its “sector perform” rating reissued by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a GBX 1,050 ($13.12) price target on the stock. Royal Bank of Canada’s price target suggests a potential downside of 0.94% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pennon Group in a research note on Tuesday, February 8th. Barclays reaffirmed an “overweight” rating and set a GBX 1,300 ($16.24) target price on shares of Pennon Group in a research note on Wednesday, April 13th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Pennon Group in a report on Friday, March 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 1,150.33 ($14.37).

PNN opened at GBX 1,060 ($13.24) on Tuesday. The company has a fifty day moving average of GBX 1,051.28 and a two-hundred day moving average of GBX 1,111.39. The stock has a market capitalization of £2.81 billion and a price-to-earnings ratio of -107.96. Pennon Group has a fifty-two week low of GBX 669.67 ($8.37) and a fifty-two week high of GBX 1,335 ($16.68). The company has a debt-to-equity ratio of 268.10, a quick ratio of 2.27 and a current ratio of 2.97.

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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