Pennon Group (LON:PNN) Rating Reiterated by Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Pennon Group (LON:PNN) in a report published on Thursday morning, MarketBeat reports. Jefferies Financial Group currently has a GBX 830 ($10.50) target price on the stock.

Pennon Group Trading Up 2.0 %

Pennon Group stock opened at GBX 647 ($8.19) on Thursday. The firm’s fifty day moving average price is GBX 664.71 and its 200-day moving average price is GBX 695.38. Pennon Group has a fifty-two week low of GBX 532.83 ($6.74) and a fifty-two week high of GBX 896 ($11.34). The stock has a market cap of £1.85 billion, a P/E ratio of -10,783.33, a PEG ratio of 8.20 and a beta of 0.29. 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 Cuts Dividend

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

About Pennon Group

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.