Susan Davy Buys 23 Shares of Pennon Group Plc (LON:PNN) Stock

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

Pennon Group Stock Performance

Shares of LON PNN opened at GBX 664.50 ($8.21) on Wednesday. The company’s 50 day simple moving average is GBX 662.18 and its 200 day simple moving average is GBX 698.82. Pennon Group Plc has a fifty-two week low of GBX 532.83 ($6.58) and a fifty-two week high of GBX 877.50 ($10.84). The firm has a market capitalization of £1.90 billion, a P/E ratio of -11,075.00, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 340.01, a current ratio of 1.27 and a quick ratio of 1.54.

Pennon Group Cuts Dividend

The firm also recently disclosed 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 is currently -73,333.33%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.