Citigroup Reiterates “Neutral” Rating for Pennon Group (LON:PNN)

Pennon Group (LON:PNN)‘s stock had its “neutral” rating restated by equities researchers at Citigroup in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 497 ($6.27) price target on the stock. Citigroup’s price target suggests a potential upside of 8.85% from the stock’s current price.

Pennon Group Price Performance

Shares of PNN traded down GBX 14.20 ($0.18) during trading hours on Tuesday, reaching GBX 456.60 ($5.76). The stock had a trading volume of 1,604,729 shares, compared to its average volume of 3,222,932. Pennon Group has a 12 month low of GBX 422.60 ($5.33) and a 12 month high of GBX 740.50 ($9.34). The stock has a market capitalization of £2.12 billion, a PE ratio of -128.38, 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 company’s 50-day moving average is GBX 540.68 and its two-hundred day moving average is GBX 571.01.

Pennon Group (LON:PNN) last issued 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%. Research analysts expect that Pennon Group will post 1.0402417 EPS for the current year.

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.