Pennon Group (LON:PNN) Reaches New 12-Month Low – Here’s Why

Pennon Group Plc (LON:PNN)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 422.20 ($5.31) and last traded at GBX 422.43 ($5.31), with a volume of 292260 shares changing hands. The stock had previously closed at GBX 430 ($5.41).

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “neutral” rating and set a GBX 497 ($6.25) price objective on shares of Pennon Group in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 766.75 ($9.64).

Pennon Group Trading Up 1.1 %

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 fifty day moving average is GBX 510.76 and its two-hundred day moving average is GBX 560.78. The firm has a market cap of £1.94 billion, a price-to-earnings ratio of -117.75, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last released its earnings results on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) EPS for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%. Equities analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The company 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 ($0.18) per share. The ex-dividend date is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group’s dividend payout ratio is currently -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.