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

Pennon Group (LON:PNN) had its price objective lowered by equities research analysts 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.com reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 44.87% from the company’s current price.

PNN has been the topic of several other research reports. Jefferies Financial Group restated a “buy” rating and issued a GBX 830 ($10.43) target price on shares of Pennon Group in a research note on Thursday, April 11th. JPMorgan Chase & Co. reduced their target price on shares of Pennon Group from GBX 740 ($9.30) to GBX 710 ($8.92) and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 840 ($10.55).

Pennon Group Trading Down 0.8 %

Shares of Pennon Group stock opened at GBX 711 ($8.93) on Tuesday. 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 company has a debt-to-equity ratio of 340.01, a current ratio of 1.27 and a quick ratio of 1.54. The company’s fifty day moving average price is GBX 665.36 and its two-hundred day moving average price is GBX 699.81. The firm has a market capitalization 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.

About Pennon Group

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.