Pennon Group (LON:PNN) Stock Rating Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Pennon Group (LON:PNN) to a hold rating in a research note released on Monday, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has GBX 380 price objective on the stock, down from their previous price objective of GBX 550.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 575 target price on shares of Pennon Group in a report on Tuesday, August 25th. Jefferies Financial Group restated a “hold” rating and issued a GBX 500 price target on shares of Pennon Group in a research report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,272.86.

Pennon Group Stock Performance

LON:PNN opened at GBX 323 on Monday. The company has a market cap of £1.52 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 8.20 and a beta of 0.57. Pennon Group has a 1 year low of GBX 311.20 and a 1 year high of GBX 605. The stock’s 50 day simple moving average is GBX 450.77 and its two-hundred day simple moving average is GBX 486.26. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.53.

Insider Activity

In other news, insider Laura Flowerdew sold 1,119 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of GBX 493, for a total transaction of £5,516.67. In the last 90 days, insiders have bought 96 shares of company stock worth $44,883. 0.32% of the stock is currently owned by corporate insiders.

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.