Pennon Group Plc (LON:PNN) Insider Purchases £147.56 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 34 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of GBX 434 ($5.63) per share, with a total value of £147.56 ($191.34).

Laura Flowerdew also recently made the following trade(s):

• On Monday, January 20th, Laura Flowerdew acquired 28 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 528 ($6.85) per share, for a total transaction of £147.84 ($191.70).

Pennon Group Stock Up 2.4 %

Pennon Group stock opened at GBX 446.40 ($5.79) on Friday. The firm’s fifty day moving average price is GBX 464.16 and its two-hundred day moving average price is GBX 542.42. The firm has a market capitalization of £2.07 billion, a price-to-earnings ratio of -125.51, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72. Pennon Group Plc has a 1-year low of GBX 383 ($4.97) and a 1-year high of GBX 740.50 ($9.60).

Pennon Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be issued a dividend of GBX 14.69 ($0.19) per share. The ex-dividend date of this dividend is Thursday, January 30th. This represents a yield of 2.53%. Pennon Group’s dividend payout ratio (DPR) is presently -1,715.11%.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “neutral” rating and issued a GBX 497 ($6.44) price objective on shares of Pennon Group in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 766.75 ($9.94).

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.