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

Pennon Group Plc (LON:PNN) hit a new 52-week low on Thursday . The company traded as low as GBX 539.10 ($6.99) and last traded at GBX 539.10 ($6.99), with a volume of 361069 shares. The stock had previously closed at GBX 551.50 ($7.15).

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Pennon Group in a research report on Friday, July 5th.

Pennon Group Trading Down 1.7 %

The firm has a 50 day moving average of GBX 590.24 and a 200-day moving average of GBX 617.84. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 343.14. The firm has a market capitalization of £1.55 billion, a P/E ratio of -13,787.50, a PEG ratio of 8.20 and a beta of 0.29.

About Pennon Group

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.