Pennon Group Plc (LON:PNN - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 422.20 ($5.32) and last traded at GBX 422.43 ($5.33), with a volume of 292260 shares trading hands. The stock had previously closed at GBX 430 ($5.42).
Analysts Set New Price Targets
Separately, Citigroup reissued a "neutral" rating and set a GBX 497 ($6.26) price objective on shares of Pennon Group in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Pennon Group has a consensus rating of "Hold" and a consensus target price of GBX 766.75 ($9.67).
Get Our Latest Research Report on Pennon Group
Pennon Group Stock Performance
The firm has a market cap of £1.89 billion, a PE ratio of -114.83, a PEG ratio of 8.20 and a beta of 0.29. The company has a 50-day simple moving average of GBX 510.76 and a two-hundred day simple moving average of GBX 560.32. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 341.72.
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 issued a dividend of GBX 14.69 ($0.19) per share. The ex-dividend date is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group's dividend payout ratio (DPR) is presently -1,715.11%.
About Pennon Group
(
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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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