Pennon Group (LON:PNN) Reaches New 12-Month High – Time to Buy?

Pennon Group Plc (LON:PNN)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 598 and last traded at GBX 597, with a volume of 465481 shares changing hands. The stock had previously closed at GBX 586.50.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Pennon Group from GBX 580 to GBX 600 and gave the company a “buy” rating in a report on Monday, January 19th. Citigroup lowered Pennon Group to a “neutral” rating and upped their target price for the company from GBX 539 to GBX 542 in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 604.

Pennon Group Stock Up 1.5%

The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97. The firm has a market capitalization of £2.81 billion, a P/E ratio of 124.06, a P/E/G ratio of 8.20 and a beta of 0.29. The stock has a fifty day moving average price of GBX 547.66 and a two-hundred day moving average price of GBX 513.79.

Pennon Group (LON:PNN) last released its quarterly earnings data on Thursday, November 27th. The company reported GBX 14 EPS for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%. Research analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current year.

Insider Activity at Pennon Group

In other Pennon Group news, insider David Sproul purchased 4,635 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of GBX 536 per share, with a total value of £24,843.60. Company insiders own 0.37% of the company’s stock.

About Pennon Group

At the top end of the FTSE 250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive. Our 25-year rolling licence provides predictable index-linked growth and visibility over future revenues.

We provide clean and wastewater services through our businesses across the Great South West.