Pennon Group (LON:PNN) Reaches New 12-Month Low - Time to Sell?

Pennon Group Plc (LON:PNN - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 406.80 ($5.26) and last traded at GBX 410.22 ($5.30), with a volume of 1742187 shares traded. The stock had previously closed at GBX 408.40 ($5.28).

Wall Street Analysts Forecast Growth

Separately, Citigroup restated a "neutral" rating and issued a GBX 497 ($6.42) target price on shares of Pennon Group in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 766.75 ($9.91).

Pennon Group Stock Up 2.0 %

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 firm has a market cap of £1.83 billion, a price-to-earnings ratio of -111.17, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The stock's 50 day moving average is GBX 491.15 and its 200 day moving average is GBX 553.57.

Pennon Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be paid a dividend of GBX 14.69 ($0.19) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group's dividend payout ratio is presently -1,715.11%.

Pennon Group Company Profile

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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