HSBC Reaffirms Buy Rating for Pennon Group (LON:PNN)

Pennon Group (LON:PNN)‘s stock had its “buy” rating reissued by equities research analysts at HSBC in a report released on Thursday, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group lifted their price target on shares of Pennon Group from GBX 934 ($12.20) to GBX 974 ($12.73) and gave the stock a “buy” rating in a research note on Wednesday. Royal Bank of Canada upgraded shares of Pennon Group to an “outperform” rating in a research note on Monday, September 30th. Deutsche Bank raised shares of Pennon Group to a “buy” rating and raised their price objective for the stock from GBX 780 ($10.19) to GBX 880 ($11.50) in a report on Monday, September 30th. BNP Paribas lowered shares of Pennon Group to an “underperform” rating and decreased their target price for the company from GBX 800 ($10.45) to GBX 750 ($9.80) in a research report on Thursday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pennon Group in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 861.40 ($11.26).

Shares of LON PNN opened at GBX 932.20 ($12.18) on Thursday. The business has a fifty day simple moving average of GBX 907.88 and a 200 day simple moving average of GBX 790.88. The company has a current ratio of 2.31, a quick ratio of 1.78 and a debt-to-equity ratio of 240.10. The firm has a market capitalization of $3.92 billion and a price-to-earnings ratio of 16.83. Pennon Group has a one year low of GBX 681 ($8.90) and a one year high of GBX 959 ($12.53).

Pennon Group Company Profile

Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.

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Analyst Recommendations for Pennon Group (LON:PNN)

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