Pennon Group (LON:PNN) Given New GBX 636 Price Target at Citigroup

Pennon Group (LON:PNN) had its price objective raised by stock analysts at Citigroup from GBX 628 to GBX 636 in a research note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 17.56% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Pennon Group from GBX 580 to GBX 600 and gave the stock a “buy” rating in a research report on Monday, January 19th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Pennon Group currently has a consensus rating of “Buy” and an average target price of GBX 635.33.

Pennon Group Stock Down 0.7%

Shares of LON PNN traded down GBX 4 during trading hours on Wednesday, hitting GBX 541. The stock had a trading volume of 1,938,244 shares, compared to its average volume of 8,542,924. The company has a market capitalization of £2.55 billion, a P/E ratio of 112.71, a P/E/G ratio of 8.20 and a beta of 0.51. The firm’s 50-day moving average price is GBX 559.09 and its two-hundred day moving average price is GBX 520.70. Pennon Group has a 52 week low of GBX 394.80 and a 52 week high of GBX 605. The company has a debt-to-equity ratio of 357.72, a quick ratio of 1.54 and a current ratio of 1.62.

Pennon Group Company Profile

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.