Trading Report: Today, Pennon Group plc to Issue Dividend of GBX 11.09 (PNN)

Today, Pennon Group plc to Issue Dividend of GBX 11.09 (PNN)

Pennon Group plc (LON:PNN) declared a dividend on Friday, November 25th. Investors 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 yield of 1.36%. The ex-dividend date of this dividend is Thursday, February 2nd. The official announcement can be accessed at this link.

Shares of Pennon Group plc (LON:PNN) traded up 0.86% during trading on Friday, reaching GBX 817.00. 1,336,390 shares of the company were exchanged. The firm’s 50 day moving average price is GBX 818.39 and its 200 day moving average price is GBX 860.50. The company’s market capitalization is GBX 3.37 billion. Pennon Group plc has a one year low of GBX 761.00 and a one year high of GBX 958.00.

PNN has been the subject of several recent analyst reports. Citigroup Inc. raised shares of Pennon Group plc to a “neutral” rating in a research report on Wednesday, November 16th. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,000 ($12.49) price objective on shares of Pennon Group plc in a research report on Tuesday, November 15th. Credit Suisse Group AG reaffirmed an “underperform” rating and set a GBX 815 ($10.18) price objective on shares of Pennon Group plc in a research report on Friday, August 26th. Beaufort Securities reiterated a “buy” rating on shares of Pennon Group plc in a report on Thursday, September 22nd. Finally, Investec upgraded Pennon Group plc to a “buy” rating and increased their target price for the stock from GBX 840 ($10.49) to GBX 920 ($11.49) in a report on Wednesday, October 19th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 875 ($10.93).

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