Pennon Group (LON:PNN) PT Lowered to GBX 710 at JPMorgan Chase & Co.

Pennon Group (LON:PNN) had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 740 ($9.30) to GBX 710 ($8.92) in a research report issued to clients and investors on Friday, Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.53% from the stock’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 830 ($10.43) price objective on shares of Pennon Group in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Pennon Group presently has an average rating of “Hold” and an average price target of GBX 852 ($10.70).

Pennon Group Stock Performance

PNN opened at GBX 692.50 ($8.70) on Friday. The company has a debt-to-equity ratio of 340.01, a current ratio of 1.27 and a quick ratio of 1.54. The firm has a fifty day moving average price of GBX 662.13 and a 200 day moving average price of GBX 699.22. Pennon Group has a 1 year low of GBX 532.83 ($6.69) and a 1 year high of GBX 876.50 ($11.01). The stock has a market cap of £1.98 billion, a P/E ratio of -11,558.33, a P/E/G ratio of 8.20 and a beta of 0.29.

About Pennon Group

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.