Pennon Group (LON:PNN) had its price target upped by Royal Bank of Canada from GBX 875 ($11.51) to GBX 1,200 ($15.79) in a research note issued to investors on Friday, Stock Target Advisor reports. Royal Bank of Canada currently has an outperform rating on the stock.
PNN has been the subject of several other reports. Goldman Sachs Group lifted their price objective on shares of Pennon Group from GBX 934 ($12.29) to GBX 974 ($12.81) and gave the stock a buy rating in a research note on Wednesday, December 4th. BNP Paribas lowered shares of Pennon Group to an underperform rating and dropped their price objective for the company from GBX 800 ($10.52) to GBX 750 ($9.87) in a report on Thursday, December 5th. HSBC reissued a buy rating on shares of Pennon Group in a research report on Thursday, December 5th. Jefferies Financial Group restated a hold rating on shares of Pennon Group in a research note on Friday, December 13th. Finally, Deutsche Bank lifted their price target on Pennon Group from GBX 880 ($11.58) to GBX 1,020 ($13.42) and gave the stock a buy rating in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Pennon Group currently has a consensus rating of Hold and a consensus target price of GBX 929.40 ($12.23).
LON:PNN opened at GBX 1,110.50 ($14.61) on Friday. The company has a current ratio of 2.31, a quick ratio of 1.78 and a debt-to-equity ratio of 240.10. Pennon Group has a twelve month low of GBX 693.40 ($9.12) and a twelve month high of GBX 1,110.50 ($14.61). The company has a market cap of $4.68 billion and a PE ratio of 20.05. The company’s 50 day moving average is GBX 1,007.75 and its two-hundred day moving average is GBX 854.05.
About Pennon Group
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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