Pennon Group (LON:PNN) Given New GBX 615 Price Target at JPMorgan Chase & Co.

Pennon Group (LON:PNN) had its target price raised by JPMorgan Chase & Co. from GBX 565 to GBX 615 in a research note issued to investors on Monday,Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on PNN. Citigroup boosted their price objective on Pennon Group from GBX 628 to GBX 636 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Pennon Group from GBX 580 to GBX 600 and gave the stock a “buy” rating in a research note on Monday, January 19th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 630.25.

Pennon Group Price Performance

Shares of Pennon Group stock opened at GBX 545 on Monday. Pennon Group has a twelve month low of GBX 439.40 and a twelve month high of GBX 605. The stock has a market capitalization of £2.57 billion, a P/E ratio of 113.54, a PEG ratio of 8.20 and a beta of 0.56. The company has a current ratio of 1.62, a quick ratio of 1.54 and a debt-to-equity ratio of 357.72. The business’s fifty day moving average price is GBX 556.68 and its 200 day moving average price is GBX 533.20.

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.