Pennon Group’s (PNN) Neutral Rating Reaffirmed at Citigroup

Citigroup reaffirmed their neutral rating on shares of Pennon Group (LON:PNN) in a research note released on Tuesday morning, Marketbeat reports. The brokerage currently has a GBX 497 ($6.27) target price on the stock.

Pennon Group Stock Down 3.0 %

Shares of LON:PNN opened at GBX 456.60 ($5.76) on Tuesday. Pennon Group has a 52-week low of GBX 422.60 ($5.33) and a 52-week high of GBX 740.50 ($9.34). The firm has a fifty day moving average of GBX 537.76 and a 200 day moving average of GBX 569.79. The firm has a market capitalization of £2.12 billion, a PE ratio of -128.38, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97.

Pennon Group (LON:PNN) last announced its earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share (EPS) 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, research analysts anticipate that Pennon Group will post 1.0402417 EPS for the current fiscal year.

Pennon Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be given a GBX 14.69 ($0.19) dividend. 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

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.