Pennon Group (PNN)

Sector:

Utilities

Index:

FTSE 250

473.80p
   
  • Change Today:
    -6.60p
  • 52 Week High: 533.69
  • 52 Week Low: 387.60
  • Currency: UK Pounds
  • Shares Issued: 471.97m
  • Volume: 194,004
  • Market Cap: £2,236.20m
  • RiskGrade: 123
  • Beta: 0.00

Citi upgrades Pennon, sees scope for mean reversion trade

By Alexander Bueso

Date: Monday 10 Mar 2025

LONDON (ShareCast) - (Sharecast News) - Analysts at Citi upgraded shares of Pennon, telling clients that markets had become unduly pessimistic.
In their judgement, the shares had been left discounting an operational underperformance of more than £500m or a quarter of its market value.

The resulting valuation gap meant that the risk/reward profile on offer was skewed to the upside, leaving scope for a mean reversion trade.

"With the company balance sheet now fixed post right issue, we upgrade to Buy and open a 30-day positive catalyst watch ahead of the upcoming CMD on 13th March."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pennon Market Data

Currency UK Pounds
Share Price 473.80p
Change Today -6.60p
% Change -1.37 %
52 Week High 533.69
52 Week Low 387.60
Volume 194,004
Shares Issued 471.97m
Market Cap £2,236.20m
Beta 0.00
RiskGrade 123

Pennon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
21.25% below the market average21.25% below the market average21.25% below the market average21.25% below the market average21.25% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
19.07% below the market average19.07% below the market average19.07% below the market average19.07% below the market average19.07% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Income
28.69% above the market average28.69% above the market average28.69% above the market average28.69% above the market average28.69% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
15.38% below the market average15.38% below the market average15.38% below the market average15.38% below the market average15.38% below the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 7
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pennon Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Jul-24 30-Jan-25
Paid 04-Sep-25 04-Apr-25
Amount 19.43p 14.69p

Trades for 06-Jun-2025

Time Volume / Share Price
15:22 430 @ 473.80p
15:22 117 @ 473.80p
15:22 4 @ 474.00p
15:20 171 @ 473.80p
15:20 200 @ 473.80p

Pennon Key Personnel

CEO Susan Davy
CFO Laura Flowerdew

Top of Page