Pennon Group (LON:PNN) Reaches New 52-Week Low – Time to Sell?

Shares of Pennon Group Plc (LON:PNN) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 406.80 ($5.20) and last traded at GBX 410.22 ($5.25), with a volume of 1742187 shares. The stock had previously closed at GBX 408.40 ($5.22).

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “neutral” rating and issued a GBX 497 ($6.36) price target on shares of Pennon Group in a research note on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 766.75 ($9.81).

Pennon Group Trading Down 2.3 %

The firm has a 50-day moving average price of GBX 503.39 and a 200-day moving average price of GBX 557.58. 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 market cap of £1.85 billion, a PE ratio of -112.18, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors 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 payout ratio is -1,715.11%.

Pennon Group Company Profile

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.