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Pennon Group Plc (LON:PNN – Get Rating) insider Paul Boote bought 16 shares of the stock in a transaction on Thursday, January 19th. The stock was purchased at an average cost of GBX 917 ($11.19) per share, for a total transaction of £146.72 ($179.04).
Paul Boote also recently made the following trade(s):
- On Monday, December 19th, Paul Boote acquired 17 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 888 ($10.84) per share, with a total value of £150.96 ($184.21).
- On Monday, November 21st, Paul Boote purchased 16 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 956 ($11.67) per share, with a total value of £152.96 ($186.65).
Pennon Group Stock Up 0.4 %
Shares of Pennon Group stock opened at GBX 923 ($11.26) on Monday. The company has a market cap of £2.41 billion and a P/E ratio of 5,127.78. Pennon Group Plc has a 1 year low of GBX 735 ($8.97) and a 1 year high of GBX 1,124 ($13.72). The company has a current ratio of 1.82, a quick ratio of 1.54 and a debt-to-equity ratio of 263.07. The stock has a 50-day moving average price of GBX 927.41 and a 200 day moving average price of GBX 918.92.
Pennon Group Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Thursday, January 26th will be issued a dividend of GBX 12.96 ($0.16) per share. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, January 26th. Pennon Group’s payout ratio is presently 214.06%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Royal Bank of Canada decreased their price objective on shares of Pennon Group from GBX 1,050 ($12.81) to GBX 975 ($11.90) and set an “outperform” rating for the company in a research note on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft lowered their target price on Pennon Group from GBX 1,100 ($13.42) to GBX 880 ($10.74) and set a “hold” rating for the company in a research note on Wednesday, October 12th. Finally, Barclays restated an “overweight” rating and issued a GBX 1,300 ($15.86) price target on shares of Pennon Group in a research note on Thursday, December 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Pennon Group has an average rating of “Moderate Buy” and a consensus price target of GBX 1,100.83 ($13.43).
Pennon Group Company Profile
(Get Rating)
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.
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