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

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 34 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were bought at an average price of GBX 434 ($5.60) per share, for a total transaction of £147.56 ($190.52).

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

• On Monday, January 20th, Laura Flowerdew purchased 28 shares of Pennon Group stock. The shares were bought at an average price of GBX 528 ($6.82) per share, for a total transaction of £147.84 ($190.88).

Pennon Group Trading Down 1.3 %

PNN opened at GBX 440.80 ($5.69) on Friday. Pennon Group Plc has a one year low of GBX 383 ($4.95) and a one year high of GBX 740.50 ($9.56). The company has a market cap of £2.04 billion, a P/E ratio of -123.94, a PEG ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97. The business’s 50-day simple moving average is GBX 462.59 and its 200-day simple moving average is GBX 541.28.

Pennon Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “neutral” rating and set a GBX 497 ($6.42) price target on shares of Pennon Group in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Pennon Group currently has an average rating of “Hold” and an average price target of GBX 766.75 ($9.90).

About Pennon Group

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.