Pennon Group Plc (LON:PNN) Insider Purchases £151.20 in Stock

Pennon Group Plc (LON:PNN) insider Susan Davy acquired 21 shares of Pennon Group stock in a transaction on Monday, May 20th. The shares were bought at an average cost of GBX 720 ($9.15) per share, for a total transaction of £151.20 ($192.17).

Susan Davy also recently made the following trade(s):

• On Friday, April 19th, Susan Davy acquired 23 shares of Pennon Group stock. The shares were bought at an average cost of GBX 652 ($8.29) per share, for a total transaction of £149.96 ($190.59).

Pennon Group Trading Down 7.1 %

Pennon Group stock opened at GBX 618 ($7.85) on Friday. The firm has a 50 day moving average of GBX 669.73 and a 200 day moving average of GBX 698.88. The firm has a market capitalization of £1.77 billion, a price-to-earnings ratio of -10,300.00, a P/E/G ratio of 8.20 and a beta of 0.28. Pennon Group Plc has a 12-month low of GBX 532.83 ($6.77) and a 12-month high of GBX 810 ($10.29). The company has a current ratio of 1.27, a quick ratio of 1.54 and a debt-to-equity ratio of 340.01.

Pennon Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, July 25th will be issued a GBX 30.33 ($0.39) dividend. This represents a yield of 4.23%. This is a positive change from Pennon Group’s previous dividend of $14.04. The ex-dividend date of this dividend is Thursday, July 25th. Pennon Group’s dividend payout ratio is currently -73,333.33%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PNN shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of Pennon Group in a research report on Tuesday, May 14th. JPMorgan Chase & Co. cut their price objective on shares of Pennon Group from GBX 740 ($9.41) to GBX 710 ($9.02) and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Barclays lowered their target price on shares of Pennon Group from GBX 1,060 ($13.47) to GBX 1,030 ($13.09) and set an “overweight” rating on the stock in a research note on Tuesday, May 7th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 830 ($10.55) price objective on shares of Pennon Group in a research note on Thursday, April 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 840 ($10.68).

Pennon Group Company Profile

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.