Pennon Group (LON:PNN) Price Target Lowered to GBX 550 at Deutsche Bank Aktiengesellschaft

Pennon Group (LON:PNN) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 620 to GBX 550 in a research note issued on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 19.37% from the stock’s previous close.

A number of other research analysts also recently commented on the stock. UBS Group reaffirmed a “buy” rating and issued a GBX 650 target price on shares of Pennon Group in a research report on Friday, June 5th. Citigroup reduced their price target on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating for the company in a report on Thursday, June 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a report on Monday, April 13th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,432.50.

Pennon Group Stock Down 1.9%

Pennon Group stock opened at GBX 460.77 on Tuesday. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.54 and a current ratio of 1.51. The firm has a 50 day moving average price of GBX 525.19 and a 200 day moving average price of GBX 538.65. Pennon Group has a fifty-two week low of GBX 439.40 and a fifty-two week high of GBX 605. The company has a market capitalization of £2.17 billion, a PE ratio of 95.99, a price-to-earnings-growth ratio of 8.20 and a beta of 0.54.

Pennon Group (LON:PNN) last issued its quarterly earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share (EPS) for the quarter. The business had revenue of GBX 129.14 billion for the quarter. Pennon Group had a net margin of 7.09% and a return on equity of 6.61%. Research analysts expect that Pennon Group will post 1.0402417 earnings per share for the current year.

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.