Pennon Group (LON:PNN) Given Sector Performer Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector performer rating on shares of Pennon Group (LON:PNN) in a report published on Thursday, ThisIsMoney.Co.Uk reports.

Other research analysts have also recently issued reports about the stock. Macquarie upgraded shares of AGL Energy from an underperform rating to a neutral rating in a report on Monday, June 17th. Deutsche Bank restated a hold rating and set a GBX 350 ($4.57) price target on shares of in a report on Friday, July 5th. HSBC began coverage on shares of Canada Goose in a report on Monday, May 20th. They set a buy rating and a $48.32 price target on the stock. JPMorgan Chase & Co. raised shares of M.D.C. from an underweight rating to a neutral rating in a research report on Monday, July 8th. Finally, Barclays reaffirmed a top pick rating and issued a GBX 3,250 ($42.47) price objective on shares of in a research report on Wednesday, June 19th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 807.44 ($10.55).

Pennon Group stock opened at GBX 749.60 ($9.79) on Thursday. Pennon Group has a fifty-two week low of GBX 681 ($8.90) and a fifty-two week high of GBX 800 ($10.45). The stock has a market capitalization of $3.15 billion and a PE ratio of 14.73. The stock’s 50-day moving average price is GBX 751.72. The company has a current ratio of 2.14, a quick ratio of 1.33 and a debt-to-equity ratio of 218.48.

The business also recently disclosed a dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, July 25th will be given a GBX 28.22 ($0.37) dividend. This is a positive change from Pennon Group’s previous dividend of $12.84. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 3.92%. Pennon Group’s payout ratio is currently 0.81%.

Pennon Group Company Profile

Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.

Further Reading: Tariff

Analyst Recommendations for Pennon Group (LON:PNN)

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