Key Points
- Insider purchase: Director David Sproul bought 4,635 shares on December 9 at an average price of GBX 536 per share, a total value of £24,843.60.
- Mixed fundamentals: Pennon has a market cap of £2.48bn and a high valuation (PE ~109.7) but reported a negative net margin (-1.05%) and ROE, with a very high debt-to-equity ratio of 341.72.
- Analyst view: The stock carries an average rating of "Moderate Buy" with an average target of GBX 606, ranging from Citi's GBX 542 (neutral) to Barclays' GBX 670 (overweight).
Pennon Group Plc (LON:PNN - Get Free Report) insider David Sproul bought 4,635 shares of the business's stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average price of GBX 536 per share, with a total value of £24,843.60.
Pennon Group Stock Down 1.5%
PNN opened at GBX 526.50 on Wednesday. The business's fifty day simple moving average is GBX 512.56 and its 200 day simple moving average is GBX 495.06. Pennon Group Plc has a 52 week low of GBX 383 and a 52 week high of GBX 624. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 341.72. The stock has a market cap of £2.48 billion, a PE ratio of 109.69, a P/E/G ratio of 8.20 and a beta of 0.29.
Pennon Group (LON:PNN - Get Free Report) last issued its quarterly earnings results on Thursday, November 27th. The company reported GBX 14 earnings per share (EPS) for the quarter. Pennon Group had a negative return on equity of 0.88% and a negative net margin of 1.05%. As a group, research analysts expect that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the company. Barclays reaffirmed an "overweight" rating and issued a GBX 670 target price on shares of Pennon Group in a research note on Thursday, October 16th. Citigroup downgraded shares of Pennon Group to a "neutral" rating and lifted their price target for the stock from GBX 539 to GBX 542 in a research note on Monday, November 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Pennon Group currently has an average rating of "Moderate Buy" and an average price target of GBX 606.
Check Out Our Latest Analysis on Pennon Group
Pennon Group Company Profile
(
Get Free Report)
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.
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