Pennon Group’s (PNN) “Neutral” Rating Reiterated at Citigroup

Citigroup reaffirmed their neutral rating on shares of Pennon Group (LON:PNN) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a GBX 497 ($6.30) price objective on the stock.

Pennon Group Trading Down 1.5 %

LON PNN opened at GBX 442.80 ($5.61) on Tuesday. The company has a market capitalization of £2.05 billion, a price-to-earnings ratio of -124.50, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. Pennon Group has a 12 month low of GBX 422.60 ($5.35) and a 12 month high of GBX 740.50 ($9.38). The company’s fifty day moving average price is GBX 531.32 and its two-hundred day moving average price is GBX 567.70. The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54.

Pennon Group (LON:PNN) last announced its quarterly 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%. As a group, research analysts predict that Pennon Group will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

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

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.