Pennon Group (LON:PNN) Cut to “Neutral” at Citigroup

Citigroup cut shares of Pennon Group (LON:PNN) to a neutral rating in a research report sent to investors on Monday, MarketBeat.com reports. They currently have GBX 542 price target on the stock, up from their previous price target of GBX 539.

Separately, Barclays restated an “overweight” rating and issued a GBX 670 price objective on shares of Pennon Group in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 606.

Pennon Group Price Performance

Pennon Group stock opened at GBX 517 on Monday. The business’s 50-day simple moving average is GBX 484.32 and its 200 day simple moving average is GBX 491.21. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 341.72. The stock has a market cap of £2.44 billion, a price-to-earnings ratio of -32.11, a P/E/G ratio of 8.20 and a beta of 0.29. Pennon Group has a 12-month low of GBX 383 and a 12-month high of GBX 624.

Pennon Group Company Profile

At the top end of the FTSE 250, 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.