Pennon Group (LON:PNN) PT Lowered to GBX 1,030 at Barclays

Pennon Group (LON:PNN) had its price objective trimmed by Barclays from GBX 1,060 ($13.32) to GBX 1,030 ($12.94) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the stock.

Several other equities research analysts have also weighed in on PNN. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 830 ($10.43) target price on shares of Pennon Group in a report on Thursday, April 11th. JPMorgan Chase & Co. lowered their target price on shares of Pennon Group from GBX 740 ($9.30) to GBX 710 ($8.92) and set a neutral rating on the stock in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of GBX 840 ($10.55).

Pennon Group Stock Down 1.7 %

PNN opened at GBX 704.50 ($8.85) on Tuesday. The firm’s 50-day simple moving average is GBX 663.65 and its 200-day simple moving average is GBX 699.42. The company has a debt-to-equity ratio of 340.01, a quick ratio of 1.54 and a current ratio of 1.27. Pennon Group has a twelve month low of GBX 532.83 ($6.69) and a twelve month high of GBX 871.56 ($10.95). The firm has a market cap of £2.02 billion, a price-to-earnings ratio of -11,941.67, a PEG ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, April 5th. Investors of record on Thursday, January 25th were given a dividend of GBX 14.04 ($0.18) per share. The ex-dividend date of this dividend was Thursday, January 25th. This represents a yield of 1.88%. Pennon Group’s dividend payout ratio (DPR) is -73,333.33%.

Pennon Group Company Profile

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.