Barclays Cuts Pennon Group (OTCMKTS:PEGRY) Price Target to GBX 1,200

Pennon Group (OTCMKTS:PEGRY – Get Rating) had its price target cut by Barclays from GBX 1,300 ($15.84) to GBX 1,200 ($14.63) in a research report sent to investors on Thursday, The Fly reports.

PEGRY has been the topic of a number of other reports. Societe Generale decreased their target price on Pennon Group from GBX 1,070 ($13.04) to GBX 1,040 ($12.68) in a research report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft raised Pennon Group from a sell rating to a hold rating in a research note on Friday, March 3rd. JPMorgan Chase & Co. cut their target price on Pennon Group from GBX 1,070 ($13.04) to GBX 1,050 ($12.80) in a research note on Tuesday, December 6th. Finally, Royal Bank of Canada cut Pennon Group from an outperform rating to a sector perform rating in a research note on Monday, February 13th.

Pennon Group Trading Down 0.2 %

OTCMKTS:PEGRY opened at $21.30 on Thursday. Pennon Group has a 12 month low of $16.79 and a 12 month high of $29.07. The business’s 50-day moving average is $21.99 and its 200 day moving average is $21.36.

Pennon Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 20th. Shareholders of record on Friday, January 27th will be given a dividend of $0.2778 per share. The ex-dividend date is Thursday, January 26th. This represents a yield of 3.63%. Pennon Group’s dividend payout ratio is currently 29.39%.

Pennon Group Company Profile

(Get Rating)

Pennon Group Plc engages in the provision of water management and sewerage services. It operates through the following segments: Water, Waste Management, Non-Household Retail, and Others. The Water segment comprises of the regulated water and wastewater services undertaken by South West Water. The Waste Management segment involves in the recycling, energy recovery and waste management services provided by Viridor.