UBS Group Reiterates Buy Rating for Pennon Group (LON:PNN)

Pennon Group (LON:PNN)‘s stock had its “buy” rating reiterated by UBS Group in a report issued on Friday,London Stock Exchange reports. They presently have a GBX 650 price target on the stock. UBS Group’s target price would suggest a potential upside of 25.30% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Citigroup upped their price target on shares of Pennon Group from GBX 628 to GBX 636 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 634.20.

Pennon Group Stock Up 1.1%

Shares of Pennon Group stock opened at GBX 518.75 on Friday. The company has a market cap of £2.45 billion, a P/E ratio of 108.07, a PEG ratio of 8.20 and a beta of 0.56. 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 has a one year low of GBX 439.40 and a one year high of GBX 605. The firm has a fifty day moving average of GBX 530.20 and a two-hundred day moving average of GBX 539.10.

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.