Pennon Group (LON:PNN) PT Lowered to GBX 1,030 at Barclays

Pennon Group (LON:PNN) had its price objective lowered by equities researchers at Barclays from GBX 1,060 ($13.32) to GBX 1,030 ($12.94) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 44.87% from the stock’s previous close.

Several other analysts also recently commented on PNN. JPMorgan Chase & Co. lowered their price objective on Pennon Group from GBX 740 ($9.30) to GBX 710 ($8.92) and set a “neutral” rating for the company in a research note on Friday, May 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 830 ($10.43) price objective on shares of Pennon Group in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 840 ($10.55).

Pennon Group Stock Performance

Shares of Pennon Group stock opened at GBX 711 ($8.93) on Tuesday. The company has a market cap of £2.03 billion, a PE ratio of -11,850.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. Pennon Group has a 52 week low of GBX 532.83 ($6.69) and a 52 week high of GBX 871.56 ($10.95). The business has a 50 day moving average price of GBX 665.36 and a 200-day moving average price of GBX 699.81. The company has a quick ratio of 1.54, a current ratio of 1.27 and a debt-to-equity ratio of 340.01.

Pennon Group Company Profile

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.