Credit Suisse Group Reaffirms “Underperform” Rating for Pennon Group (LON:PNN)

Credit Suisse Group reiterated their underperform rating on shares of Pennon Group (LON:PNN) in a research note released on Monday, Stock Target Advisor reports.

PNN has been the subject of a number of other reports. Deutsche Bank raised their price objective 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. Barclays restated an overweight rating on shares of Pennon Group in a research report on Thursday, November 14th. BNP Paribas lowered Pennon Group to an underperform rating and decreased their price objective for the stock from GBX 800 ($10.52) to GBX 750 ($9.87) in a research report on Thursday, December 5th. Jefferies Financial Group restated a hold rating on shares of Pennon Group in a research report on Friday, December 13th. Finally, HSBC restated a buy rating on shares of Pennon Group in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 929.40 ($12.23).

LON:PNN opened at GBX 1,100.50 ($14.48) on Monday. The company has a quick ratio of 1.78, a current ratio of 2.31 and a debt-to-equity ratio of 240.10. Pennon Group has a 1-year low of GBX 693.40 ($9.12) and a 1-year high of GBX 1,110.50 ($14.61). The firm has a market capitalization of $4.60 billion and a price-to-earnings ratio of 19.86. The stock has a fifty day simple moving average of GBX 1,018.59 and a 200 day simple moving average of GBX 859.40.

The business also recently disclosed a dividend, which will be paid on Friday, April 3rd. Investors of record on Thursday, January 23rd will be paid a GBX 13.66 ($0.18) dividend. This represents a dividend yield of 1.45%. The ex-dividend date is Thursday, January 23rd. Pennon Group’s payout ratio is 0.76%.

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.

Featured Story: What is the Rule of 72?

Analyst Recommendations for Pennon Group (LON:PNN)

Receive News & Ratings for Pennon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pennon Group and related companies with MarketBeat.com's FREE daily email newsletter.