Pennon Group plc to Issue Dividend of GBX 11.09 (PNN)
Pennon Group plc (LON:PNN) declared a dividend on Friday, November 25th. Stockholders of record on Thursday, February 2nd will be paid a dividend of GBX 11.09 ($0.14) per share on Tuesday, April 4th. This represents a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, February 2nd. The official announcement can be viewed at this link.
Shares of Pennon Group plc (LON:PNN) traded up 0.86% on Friday, hitting GBX 817.00. 1,336,390 shares of the stock traded hands. Pennon Group plc has a 52 week low of GBX 761.00 and a 52 week high of GBX 958.00. The firm’s 50 day moving average is GBX 818.39 and its 200 day moving average is GBX 860.50. The firm’s market capitalization is GBX 3.37 billion.
A number of research analysts have weighed in on PNN shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,000 ($12.49) price target on shares of Pennon Group plc in a research note on Tuesday, November 15th. HSBC reaffirmed a “buy” rating and issued a GBX 990 ($12.37) price target on shares of Pennon Group plc in a research note on Tuesday, September 13th. Beaufort Securities reaffirmed a “buy” rating on shares of Pennon Group plc in a research note on Thursday, September 22nd. Investec raised shares of Pennon Group plc to a “buy” rating and lifted their price target for the company from GBX 840 ($10.49) to GBX 920 ($11.49) in a research note on Wednesday, October 19th. Finally, Societe Generale lifted their price target on shares of Pennon Group plc from GBX 840 ($10.49) to GBX 875 ($10.93) and gave the company a “hold” rating in a research note on Friday, September 23rd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 875 ($10.93).
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Pennon Group plc Company Profile
Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The Company’s segments include Water and Waste management. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited.
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