Pennon Group Plc (LON:PNN) Insider Acquires £148.80 in Stock

by · The Cerbat Gem

Pennon Group Plc (LON:PNN – Get Free Report) insider Susan Davy purchased 30 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were acquired at an average price of GBX 496 ($6.66) per share, for a total transaction of £148.80 ($199.73).

Susan Davy also recently made the following trade(s):

  • On Tuesday, April 22nd, Susan Davy purchased 30 shares of Pennon Group stock. The shares were acquired at an average price of GBX 499 ($6.70) per share, for a total transaction of £149.70 ($200.94).
  • On Wednesday, February 19th, Susan Davy purchased 33 shares of Pennon Group stock. The shares were acquired at an average price of GBX 455 ($6.11) per share, for a total transaction of £150.15 ($201.54).

Pennon Group Price Performance

Shares of LON:PNN opened at GBX 512 ($6.87) on Friday. The firm has a market cap of £2.37 billion, a PE ratio of -143.96, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. The firm’s fifty day moving average is GBX 475.20 and its 200-day moving average is GBX 507.83. The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97. Pennon Group Plc has a 52 week low of GBX 383 ($5.14) and a 52 week high of GBX 691 ($9.28).

Pennon Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, April 4th. Stockholders of record on Thursday, January 30th were issued a dividend of GBX 14.69 ($0.20) per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s dividend payout ratio (DPR) is presently -1,715.11%.

Wall Street Analysts Forecast Growth

Separately, Citigroup reiterated a “neutral” rating and set a GBX 497 ($6.67) price target on shares of Pennon Group in a report on Tuesday, February 18th.

Check Out Our Latest Stock Analysis on PNN

Pennon Group Company Profile

(Get Free Report)

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.

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