Pennon Group (PNN)

Sector:

Utilities

Index:

FTSE 250

487.00p
   
  • Change Today:
    -1.60p
  • 52 Week High: 539.00p
  • 52 Week Low: 387.60p
  • Currency: UK Pounds
  • Shares Issued: 471.97m
  • Volume: 123,206
  • Market Cap: £2,298.50m
  • RiskGrade: 123

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."

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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 487.00p
Change Today -1.60p
% Change -0.33 %
52 Week High 539.00p
52 Week Low 387.60p
Volume 123,206
Shares Issued 471.97m
Market Cap £2,298.50m
RiskGrade 123

Pennon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.56% below the market average18.56% below the market average18.56% below the market average18.56% below the market average18.56% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
18.39% above the market average18.39% above the market average18.39% above the market average18.39% above the market average18.39% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income
36.40% above the market average36.40% above the market average36.40% above the market average36.40% above the market average36.40% 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
12.11% below the market average12.11% below the market average12.11% below the market average12.11% below the market average12.11% 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 5
Buy 2
Neutral 5
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-25 30-Jan-25
Paid 04-Sep-25 04-Apr-25
Amount 19.43p 14.69p

Trades for 30-Jul-2025

Time Volume / Share Price
12:19 10 @ 487.00p
12:19 84 @ 487.00p
12:19 8 @ 486.80p
12:19 21 @ 487.00p
12:19 26 @ 487.00p

Pennon Key Personnel

CFO Laura Flowerdew

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