Pennon Group Plc (LON:PNN) Given Consensus Rating of “Moderate Buy” by Analysts

Pennon Group Plc (LON:PNNGet Rating) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,077 ($13.33).

PNN has been the topic of several recent research reports. Barclays restated an “overweight” rating and issued a GBX 1,300 ($16.10) price target on shares of Pennon Group in a research report on Thursday, December 1st. Royal Bank of Canada reduced their price target on Pennon Group from GBX 1,050 ($13.00) to GBX 975 ($12.07) and set an “outperform” rating on the stock in a research report on Tuesday, October 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Pennon Group from GBX 1,100 ($13.62) to GBX 880 ($10.90) and set a “hold” rating on the stock in a research report on Wednesday, October 12th.

Pennon Group Stock Up 0.9 %

LON:PNN opened at GBX 927.08 ($11.48) on Wednesday. Pennon Group has a 12-month low of GBX 735 ($9.10) and a 12-month high of GBX 1,124 ($13.92). The company has a quick ratio of 1.54, a current ratio of 1.82 and a debt-to-equity ratio of 263.07. The firm has a market capitalization of £2.42 billion and a P/E ratio of 5,105.56. The stock’s fifty day simple moving average is GBX 926.37 and its 200-day simple moving average is GBX 918.24.

Pennon Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 5th. Shareholders of record on Thursday, January 26th will be issued a dividend of GBX 12.96 ($0.16) per share. The ex-dividend date is Thursday, January 26th. This represents a yield of 1.42%. Pennon Group’s dividend payout ratio is presently 214.06%.

Pennon Group Company Profile

(Get Rating)

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.

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Analyst Recommendations for Pennon Group (LON:PNN)

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