Insider Buying: Pennon Group Plc (LON:PNN) Insider Acquires £149.96 in Stock

Pennon Group Plc (LON:PNN) insider Susan Davy acquired 23 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average price of GBX 652 ($8.05) per share, with a total value of £149.96 ($185.23).

Pennon Group Price Performance

PNN stock opened at GBX 662.50 ($8.18) on Thursday. The business has a fifty day moving average of GBX 662.21 and a two-hundred day moving average of GBX 698.56. The company has a quick ratio of 1.54, a current ratio of 1.27 and a debt-to-equity ratio of 340.01. The stock has a market cap of £1.90 billion, a price-to-earnings ratio of -11,041.67, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. 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).

Pennon Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, April 5th. Investors of record on Thursday, January 25th were issued a GBX 14.04 ($0.17) dividend. The ex-dividend date of this dividend was Thursday, January 25th. This represents a yield of 1.88%. Pennon Group’s dividend payout ratio (DPR) is presently -73,333.33%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 830 ($10.25) price objective 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 issued a buy rating to the stock. According to data from MarketBeat.com, Pennon Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 950 ($11.73).

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.