Pennon Group (LON:PNN) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Pennon Group Plc (LON:PNN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 506.73 ($6.82) and traded as high as GBX 525 ($7.06). Pennon Group shares last traded at GBX 510.50 ($6.87), with a volume of 1,529,390 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup reiterated a "neutral" rating and set a GBX 497 ($6.69) target price on shares of Pennon Group in a research report on Tuesday, February 18th.

Pennon Group Stock Up 0.5%

The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72. The stock's 50-day moving average is GBX 483.51 and its 200-day moving average is GBX 506.17. The company has a market cap of £2.36 billion, a price-to-earnings ratio of -143.11, a P/E/G ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, April 4th. Investors of record on Thursday, January 30th were given a dividend of GBX 14.69 ($0.20) per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group's payout ratio is presently -1,715.11%.

Pennon Group Company Profile

At the top end of the FTSE250, 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.