Pennon Group (LON:PNN) Sets New 52-Week Low – Should You Sell?

Pennon Group Plc (LON:PNN)’s stock price reached a new 52-week low during mid-day 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. The stock had previously closed at GBX 430 ($5.41).

Wall Street Analysts Forecast Growth

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

Pennon Group Stock Performance

The firm has a market cap of £1.94 billion, a P/E ratio of -117.75, a PEG 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. The stock’s 50-day moving average is GBX 510.76 and its 200 day moving average is GBX 560.78.

Pennon Group (LON:PNN) last posted 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%. On average, research analysts predict that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Pennon Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 4th. Stockholders of record on Thursday, January 30th will be given a dividend of GBX 14.69 ($0.18) per share. This represents a dividend yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group’s dividend 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.