Citigroup Issues Positive Forecast for Pennon Group (LON:PNN) Stock Price

Pennon Group (LON:PNN) had its target price boosted by Citigroup from GBX 628 to GBX 636 in a report published on Wednesday morning, MarketBeat Ratings reports. They currently have a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on Pennon Group from GBX 580 to GBX 600 and gave the company a “buy” rating in a research note on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 635.33.

Pennon Group Price Performance

Pennon Group stock opened at GBX 541 on Wednesday. The firm has a market cap of £2.55 billion, a price-to-earnings ratio of 112.71, a PEG ratio of 8.20 and a beta of 0.51. Pennon Group has a 52-week low of GBX 394.80 and a 52-week high of GBX 605. The company has a debt-to-equity ratio of 357.72, a quick ratio of 1.54 and a current ratio of 1.62. The firm has a 50 day moving average price of GBX 559.36 and a two-hundred day moving average price of GBX 520.84.

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.