Pennon Group gets Citi and Deutsche Bank 'buy' calls amid dividend cut

Impact · against what's priced in

Pennon Group faces immediate downward pressure due to significant equity dilution from a £550 million rights issue and a 30% dividend cut. While analysts maintain optimistic price targets, the current reality is a strategic overhaul characterized by trailing asset growth compared to peers.

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In context

Google's selection of the elevate.io platform for its Chromebook Perks programme serves as a significant endorsement and potential growth catalyst.

Read from the article alone

• dividend cut▲500%
• BIRD
• PNN
• asset sale
• debt reduction
• fundraising
• renewables
• rights issue
• utilities