Shares of Pennon Group plc (LON:PNN) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 806 ($10.53).
A number of equities research analysts recently weighed in on PNN shares. JPMorgan Chase & Co. decreased their target price on Pennon Group from GBX 780 ($10.19) to GBX 760 ($9.93) and set a “neutral” rating on the stock in a research report on Monday, July 8th. Barclays reissued an “equal weight” rating on shares of Pennon Group in a research report on Wednesday, June 19th. Royal Bank of Canada reissued a “sector performer” rating on shares of Pennon Group in a research report on Thursday, July 18th. Macquarie started coverage on Pennon Group in a research report on Monday, June 17th. They set an “outperform” rating and a GBX 870 ($11.37) target price on the stock. Finally, Deutsche Bank lifted their target price on Pennon Group from GBX 750 ($9.80) to GBX 780 ($10.19) and gave the stock a “hold” rating in a research report on Tuesday, July 23rd.
PNN stock traded down GBX 8 ($0.10) during trading on Tuesday, reaching GBX 702.20 ($9.18). 1,172,609 shares of the stock were exchanged, compared to its average volume of 1,760,000. Pennon Group has a twelve month low of GBX 681 ($8.90) and a twelve month high of GBX 800 ($10.45). The firm has a market capitalization of $2.95 billion and a P/E ratio of 13.80. The business’s 50 day simple moving average is GBX 745.74. The company has a debt-to-equity ratio of 218.48, a current ratio of 2.14 and a quick ratio of 1.33.
About Pennon Group
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.
Recommended Story: Is the QQQ ETF safe?
Receive News & Ratings for Pennon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennon Group and related companies with MarketBeat.com's FREE daily email newsletter.