Pennon Group (LON:PNN) Reaches New 52-Week Low – What’s Next?

Pennon Group Plc (LON:PNN)’s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 422.20 ($5.35) and last traded at GBX 422.43 ($5.36), with a volume of 292260 shares traded. The stock had previously closed at GBX 430 ($5.45).

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “neutral” rating and issued a GBX 497 ($6.30) target price on shares of Pennon Group in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Pennon Group currently has a consensus rating of “Hold” and a consensus price target of GBX 766.75 ($9.72).

Pennon Group Stock Performance

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 has a fifty day simple moving average of GBX 517.47 and a 200-day simple moving average of GBX 562.81. The stock has a market cap of £1.96 billion, a P/E ratio of -118.88, a PEG ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last posted its quarterly 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, equities analysts expect that Pennon Group Plc will post 1.0402417 earnings per share 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 issued 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 dividend 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.