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

Citigroup reissued their neutral rating on shares of Pennon Group (LON:PNN) in a report released on Tuesday morning, Marketbeat.com reports. They currently have a GBX 497 ($6.30) target price on the stock.

Pennon Group Trading Down 1.5 %

Shares of LON PNN opened at GBX 442.80 ($5.61) on Tuesday. Pennon Group has a twelve month low of GBX 422.60 ($5.35) and a twelve month high of GBX 740.50 ($9.38). The stock has a market cap of £2.05 billion, a price-to-earnings ratio of -124.50, a P/E/G ratio of 8.20 and a beta of 0.29. 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 company’s fifty day moving average is GBX 531.32 and its 200-day moving average is GBX 567.70.

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

Pennon Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be paid a GBX 14.69 ($0.19) dividend. This represents a yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group’s 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.