Pennon Group Plc (LON:PNN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Pennon Group Plc (LON:PNNGet Rating) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,140 ($13.77).

Several research firms have recently commented on PNN. Barclays reaffirmed an “overweight” rating and issued a GBX 1,300 ($15.71) price target on shares of Pennon Group in a report on Tuesday, May 31st. JPMorgan Chase & Co. decreased their price target on shares of Pennon Group from GBX 1,200 ($14.50) to GBX 1,070 ($12.93) and set a “neutral” rating for the company in a report on Tuesday, June 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,120 ($13.53) target price on shares of Pennon Group in a research note on Wednesday, June 1st. Finally, Citigroup reissued a “buy” rating and set a GBX 1,160 ($14.02) target price on shares of Pennon Group in a research note on Wednesday, June 29th.

Insiders Place Their Bets

In related news, insider Susan Davy purchased 17 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were bought at an average cost of GBX 9,038 ($109.21) per share, for a total transaction of £1,536.46 ($1,856.52). In other Pennon Group news, insider Paul Boote sold 2,906 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of GBX 980 ($11.84), for a total transaction of £28,478.80 ($34,411.31). Also, insider Susan Davy purchased 17 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were bought at an average price of GBX 9,038 ($109.21) per share, for a total transaction of £1,536.46 ($1,856.52). In the last three months, insiders have purchased 47 shares of company stock worth $183,436.

Pennon Group Trading Down 1.5 %

LON PNN opened at GBX 901.50 ($10.89) on Thursday. Pennon Group has a one year low of GBX 895 ($10.81) and a one year high of GBX 1,250 ($15.10). The company has a 50-day simple moving average of GBX 974.47 and a 200-day simple moving average of GBX 1,017.13. The company has a debt-to-equity ratio of 251.21, a quick ratio of 1.50 and a current ratio of 1.94. The firm has a market capitalization of £2.35 billion and a PE ratio of 18,110.00.

About Pennon Group

(Get Rating)

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.

Further Reading

Analyst Recommendations for Pennon Group (LON:PNN)

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