Pennon Group Plc to Issue Dividend of GBX 12.96 (LON:PNN)

Pennon Group Plc (LON:PNNGet Rating) declared a dividend on Thursday, November 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, January 26th will be paid a dividend of GBX 12.96 ($0.16) per share on Wednesday, April 5th. This represents a yield of 1.42%. The ex-dividend date is Thursday, January 26th. The official announcement can be viewed at this link.

Pennon Group Stock Up 1.1 %

Pennon Group stock opened at GBX 929 ($11.50) on Wednesday. The business has a fifty day moving average of GBX 926.37 and a two-hundred day moving average of GBX 918.24. The company has a quick ratio of 1.54, a current ratio of 1.82 and a debt-to-equity ratio of 263.07. The firm has a market cap of £2.43 billion and a P/E ratio of 5,150.44. Pennon Group has a twelve month low of GBX 735 ($9.10) and a twelve month high of GBX 1,124 ($13.92).

Wall Street Analyst Weigh In

A number of analysts have weighed in on PNN shares. Barclays restated an “overweight” rating and set a GBX 1,300 ($16.10) target price on shares of Pennon Group in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft cut their target price on Pennon Group from GBX 1,100 ($13.62) to GBX 880 ($10.90) and set a “hold” rating on the stock in a research report on Wednesday, October 12th. Finally, Royal Bank of Canada cut their price target on Pennon Group from GBX 1,050 ($13.00) to GBX 975 ($12.07) and set an “outperform” rating on the stock in a research report on Tuesday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,100.83 ($13.63).

Pennon Group Company Profile

(Get Rating)

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.

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Dividend History for Pennon Group (LON:PNN)

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