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Pennon Group plc ( (GB:PNN) ) has shared an update.
Pennon Group PLC has reported a robust start to the fiscal year 2025/26, with strong profitability despite challenges posed by a hot summer. The company has made significant progress in reducing pollution and storm overflow spills, while maintaining resilient water supplies. Financial performance is on track, with an expected 60% increase in EBITDA and a target return on regulated equity (RORE) of 7%. The company is also advancing its renewable energy projects, with two sites set to generate power by October, contributing to 40% of the Group’s energy consumption by FY27.
The most recent analyst rating on (GB:PNN) stock is a Hold with a £490.00 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 of 58 reflects a mixed outlook. The company’s financial performance is challenged by declining profitability and increasing leverage, while technical indicators suggest a bearish trend. Valuation is difficult due to negative earnings, though the high dividend yield is a positive. The earnings call provided some optimism with strategic growth and investments, but operational challenges persist.
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. The company is committed to delivering sustainable water management solutions and has a significant presence in the South West of England. Additionally, Pennon is expanding its renewable energy portfolio through its Pennon Power projects.
Average Trading Volume: 1,062,275
Technical Sentiment Signal: Sell
Current Market Cap: £2.16B
Learn more about PNN stock on TipRanks’ Stock Analysis page.