Citigroup restated their neutral rating on shares of Pennon Group (LON:PNN - Free Report) in a research note published on Tuesday morning, MarketBeat reports. The firm currently has a GBX 497 ($6.28) target price on the stock.
Pennon Group Stock Down 0.5 %
PNN traded down GBX 2.33 ($0.03) during trading on Tuesday, hitting GBX 440.47 ($5.57). 1,667,326 shares of the company's stock were exchanged, compared to its average volume of 3,085,905. 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 business's 50 day moving average is GBX 527.65 and its two-hundred day moving average is GBX 566.81. Pennon Group has a fifty-two week low of GBX 422.60 ($5.34) and a fifty-two week high of GBX 740.50 ($9.36). The stock has a market cap of £2.04 billion, a P/E ratio of -123.85, a PEG ratio of 8.20 and a beta of 0.29.
Pennon Group (LON:PNN - Get Free Report) last released its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share 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, equities analysts expect that Pennon Group will post 1.0402417 earnings per share for the current fiscal year.
Pennon Group Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be issued a dividend of GBX 14.69 ($0.19) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group's payout ratio is -1,715.11%.
Pennon Group Company Profile
(
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At the top end of the FTSE250, 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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