Posted by admin on Apr 15th, 2022
Pennon Group (LON:PNN – Get Rating) ‘s stock had its “overweight” rating reissued by equities researchers at Barclays in a report released on Wednesday, Marketbeat.com reports. They presently have a GBX 1,300 ($16.94) price target on the stock. Barclays‘s target price suggests a potential upside of 22.87% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Morgan Stanley restated an “overweight” rating on shares of Pennon Group in a report on Friday, March 25th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 1,050 ($13.68) price objective on shares of Pennon Group in a report on Monday, April 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Pennon Group in a report on Tuesday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Pennon Group currently has an average rating of “Hold” and a consensus price target of GBX 1,150.33 ($14.99).
LON PNN opened at GBX 1,058 ($13.79) on Wednesday. The company has a market cap of £2.80 billion and a price-to-earnings ratio of -107.68. Pennon Group has a 52 week low of GBX 665.20 ($8.67) and a 52 week high of GBX 1,335 ($17.40). The business has a 50 day moving average price of GBX 1,044.36 and a 200-day moving average price of GBX 1,120.57. The company has a quick ratio of 2.27, a current ratio of 2.97 and a debt-to-equity ratio of 268.10.
About Pennon Group (Get Rating)
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.
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