Laura Flowerdew Acquires 34 Shares of Pennon Group Plc (LON:PNN) Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 34 shares of the stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of GBX 434 ($5.60) per share, with a total value of £147.56 ($190.52).

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 acquired at an average cost of GBX 528 ($6.82) per share, with a total value of £147.84 ($190.88).

Pennon Group Stock Down 1.3 %

Shares of LON:PNN opened at GBX 440.80 ($5.69) on Friday. The firm’s 50 day moving average price is GBX 462.59 and its 200 day moving average price is GBX 541.72. The stock has a market cap of £2.04 billion, a price-to-earnings ratio of -123.94, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. Pennon Group Plc has a fifty-two week low of GBX 383 ($4.95) and a fifty-two week high of GBX 740.50 ($9.56). The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 341.72.

Pennon Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be issued a GBX 14.69 ($0.19) dividend. 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 -1,715.11%.

Wall Street Analysts Forecast Growth

Separately, Citigroup reissued a “neutral” rating and issued a GBX 497 ($6.42) price objective on shares of Pennon Group in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pennon Group has an average rating of “Hold” and a consensus target price of GBX 766.75 ($9.90).

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.