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

Pennon Group (LON:PNN)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup in a research report issued on Tuesday, MarketBeat reports. They currently have a GBX 497 ($6.25) price target on the stock. Citigroup’s price target suggests a potential upside of 10.54% from the stock’s previous close.

Pennon Group Trading Down 1.5 %

Shares of PNN opened at GBX 449.60 ($5.66) on Tuesday. The business has a 50-day moving average of GBX 534.86 and a 200 day moving average of GBX 568.58. Pennon Group has a fifty-two week low of GBX 422.60 ($5.32) and a fifty-two week high of GBX 740.50 ($9.32). The firm has a market cap of £2.08 billion, a P/E ratio of -126.41, a price-to-earnings-growth 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.

Pennon Group (LON:PNN) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share for the quarter. Pennon Group had a negative return on equity of 0.88% and a negative net margin of 1.05%. As a group, research analysts forecast that Pennon Group will post 1.0402417 EPS for the current year.

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.