Insider Buying: Pennon Group Plc (LON:PNN) Insider Acquires 23 Shares of Stock

Pennon Group Plc (LON:PNN) insider Susan Davy purchased 23 shares of the company’s stock in a transaction on Friday, April 19th. The stock was bought at an average cost of GBX 652 ($8.05) per share, for a total transaction of £149.96 ($185.23).

Pennon Group Price Performance

Shares of PNN stock opened at GBX 662.50 ($8.18) on Thursday. Pennon Group Plc has a 52-week low of GBX 532.83 ($6.58) and a 52-week high of GBX 876.50 ($10.83). The stock has a market cap of £1.90 billion, a PE ratio of -11,041.67, a PEG ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 340.01, a quick ratio of 1.54 and a current ratio of 1.27. The firm’s 50 day moving average price is GBX 662.21 and its two-hundred day moving average price is GBX 698.56.

Pennon Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, January 25th were given a dividend of GBX 14.04 ($0.17) per share. The ex-dividend date was Thursday, January 25th. This represents a dividend yield of 1.88%. Pennon Group’s dividend payout ratio is -73,333.33%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 830 ($10.25) price target on shares of Pennon Group in a research note on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Pennon Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 950 ($11.73).

About Pennon Group

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.