Pennon Group Plc (LON:PNN) Insider Susan Davy Purchases 21 Shares

Pennon Group Plc (LON:PNN) insider Susan Davy purchased 21 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of GBX 720 ($9.15) per share, for a total transaction of £151.20 ($192.17).

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

• On Friday, April 19th, Susan Davy acquired 23 shares of Pennon Group stock. The shares were acquired at an average cost of GBX 652 ($8.29) per share, for a total transaction of £149.96 ($190.59).

Pennon Group Stock Performance

PNN opened at GBX 618 ($7.85) on Friday. The business’s 50-day moving average price is GBX 669.73 and its two-hundred day moving average price is GBX 698.88. Pennon Group Plc has a 1 year low of GBX 532.83 ($6.77) and a 1 year high of GBX 810 ($10.29). The company has a market capitalization of £1.77 billion, a price-to-earnings ratio of -10,300.00, a P/E/G ratio of 8.20 and a beta of 0.28. 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 Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, July 25th will be paid a GBX 30.33 ($0.39) dividend. This is an increase from Pennon Group’s previous dividend of $14.04. The ex-dividend date is Thursday, July 25th. This represents a dividend yield of 4.23%. Pennon Group’s dividend payout ratio (DPR) is currently -73,333.33%.

Wall Street Analysts Forecast Growth

PNN has been the topic of several research analyst reports. Barclays dropped their price objective on Pennon Group from GBX 1,060 ($13.47) to GBX 1,030 ($13.09) and set an “overweight” rating on the stock in a research note on Tuesday, May 7th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Pennon Group in a research note on Tuesday, May 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 830 ($10.55) price objective on shares of Pennon Group in a research note on Thursday, April 11th. Finally, JPMorgan Chase & Co. dropped their price target on Pennon Group from GBX 740 ($9.41) to GBX 710 ($9.02) and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 840 ($10.68).

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.