Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Pennon Group plc ( (GB:PNN) ) just unveiled an update.
Pennon Group plc has announced the issuance of GBP 300 million in fixed-rate notes due 2031 through its subsidiary, South West Water Finance Plc. This financial move under its Euro Medium Term Note Programme is expected to bolster the company’s financial standing and support its long-term strategic objectives.
The most recent analyst rating on (GB:PNN) stock is a Buy with a £5.70 price target. To see the full list of analyst forecasts on Pennon Group plc stock, see the GB:PNN Stock Forecast page.
Spark’s Take on GB:PNN Stock
According to Spark, TipRanks’ AI Analyst, GB:PNN is a Neutral.
The overall stock score reflects a mix of strengths and challenges. Financial performance is hindered by profitability issues and leverage concerns, while technical indicators show bearish momentum. Valuation is mixed with a high dividend yield but negative P/E ratio. The earnings call provided positive strategic insights, balancing some of the financial and operational challenges.
To see Spark’s full report on GB:PNN stock, click here.
More about Pennon Group plc
Pennon Group plc operates in the utilities sector, primarily focusing on water and wastewater services through its subsidiary, South West Water. The company serves the South West of England, providing essential services to residential and commercial customers.
Average Trading Volume: 1,090,527
Technical Sentiment Signal: Sell
Current Market Cap: £2.17B
For a thorough assessment of PNN stock, go to TipRanks’ Stock Analysis page.