Pennon Group (LON:PNN) had its price objective boosted by Goldman Sachs Group from GBX 934 ($12.20) to GBX 974 ($12.73) in a research note issued to investors on Wednesday, Stock Target Advisor reports. Goldman Sachs Group currently has a buy rating on the stock.
Several other research firms have also issued reports on PNN. Deutsche Bank upgraded Pennon Group to a buy rating and increased their price objective for the stock from GBX 780 ($10.19) to GBX 880 ($11.50) in a research note on Monday, September 30th. Jefferies Financial Group restated a hold rating and issued a GBX 740 ($9.67) target price (down previously from GBX 770 ($10.06)) on shares of Pennon Group in a research note on Thursday, September 19th. Citigroup lowered shares of Pennon Group to a neutral rating in a report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of Pennon Group to an outperform rating in a research report on Monday, September 30th. Finally, Barclays reissued an overweight rating on shares of Pennon Group in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 861.40 ($11.26).
Shares of PNN stock opened at GBX 932.20 ($12.18) on Wednesday. The stock’s fifty day simple moving average is GBX 907.88 and its 200 day simple moving average is GBX 790.88. Pennon Group has a one year low of GBX 681 ($8.90) and a one year high of GBX 959 ($12.53). The firm has a market cap of $3.92 billion and a price-to-earnings ratio of 16.83. The company has a debt-to-equity ratio of 240.10, a current ratio of 2.31 and a quick ratio of 1.78.
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.
See Also: Return on Investment (ROI)
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