Insider Buying: Pennon Group plc (PNN) Insider Acquires 19 Shares of Stock

Pennon Group plc (LON:PNN) insider Christopher Loughlin bought 19 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were purchased at an average cost of GBX 791 ($10.73) per share, with a total value of £150.29 ($203.81).

Christopher Loughlin also recently made the following trade(s):

  • On Monday, November 20th, Christopher Loughlin bought 19 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 780 ($10.58) per share, with a total value of £148.20 ($200.98).
  • On Thursday, October 19th, Christopher Loughlin bought 19 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 794 ($10.77) per share, with a total value of £150.86 ($204.58).

Shares of Pennon Group plc (PNN) traded down GBX 4.20 ($0.06) during trading on Friday, reaching GBX 735.20 ($9.97). 1,299,909 shares of the company’s stock were exchanged, compared to its average volume of 1,350,000. Pennon Group plc has a twelve month low of GBX 735.60 ($9.98) and a twelve month high of GBX 947.23 ($12.85). The firm has a market cap of $3,090.00 and a price-to-earnings ratio of 1,670.91.

The business also recently declared a dividend, which will be paid on Wednesday, April 4th. Shareholders of record on Thursday, January 25th will be paid a dividend of GBX 11.97 ($0.16) per share. The ex-dividend date is Thursday, January 25th. This represents a yield of 1.54%.

A number of equities research analysts recently commented on the stock. Deutsche Bank reissued a “buy” rating and set a GBX 870 ($11.80) target price on shares of Pennon Group in a research report on Tuesday, November 7th. Barclays reissued an “underweight” rating on shares of Pennon Group in a research report on Tuesday, November 14th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 860 ($11.66) target price on shares of Pennon Group in a research report on Thursday, November 30th. Credit Suisse Group restated an “underperform” rating and set a GBX 710 ($9.63) price target on shares of Pennon Group in a research note on Thursday, November 2nd. Finally, Beaufort Securities restated a “buy” rating on shares of Pennon Group in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 864.44 ($11.72).

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About Pennon Group

Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The Company’s segments include Water and Waste management. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited.

Insider Buying and Selling by Quarter for Pennon Group (LON:PNN)

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