Pennon Group plc (PNN) Given Average Recommendation of “Hold” by Analysts

Pennon Group plc (LON:PNN) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 804.63 ($10.51).

A number of equities analysts have recently weighed in on PNN shares. Morgan Stanley dropped their price objective on Pennon Group from GBX 790 ($10.32) to GBX 785 ($10.26) and set an “equal weight” rating for the company in a research note on Friday, January 11th. JPMorgan Chase & Co. lowered Pennon Group to a “neutral” rating and dropped their price objective for the stock from GBX 800 ($10.45) to GBX 780 ($10.19) in a research note on Tuesday, April 9th. Goldman Sachs Group upped their price objective on Pennon Group from GBX 761 ($9.94) to GBX 797 ($10.41) and gave the stock a “neutral” rating in a research note on Thursday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 825 ($10.78) price objective on shares of Pennon Group in a research note on Monday, March 25th. Finally, Barclays upped their price objective on Pennon Group from GBX 820 ($10.71) to GBX 830 ($10.85) and gave the stock an “equal weight” rating in a research note on Friday, April 5th.

LON PNN opened at GBX 730.80 ($9.55) on Friday. The stock has a market capitalization of $3.07 billion and a PE ratio of 14.16. The company has a debt-to-equity ratio of 216.55, a current ratio of 1.86 and a quick ratio of 1.41. Pennon Group has a twelve month low of GBX 643.20 ($8.40) and a twelve month high of GBX 814.60 ($10.64).

Pennon Group Company Profile

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.

Featured Article: 52-Week High/Low

Analyst Recommendations for Pennon Group (LON:PNN)

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.