Insider Buying: Pennon Group Plc (LON:PNN) Insider Buys 16 Shares of Stock

Pennon Group Plc (LON:PNN – Get Rating) insider Paul Boote bought 16 shares of the stock in a transaction dated Thursday, January 19th. The stock was purchased at an average price of GBX 917 ($11.19) per share, with a total value of £146.72 ($179.04).

Paul Boote also recently made the following trade(s):

• On Monday, December 19th, Paul Boote bought 17 shares of Pennon Group stock. The shares were acquired at an average cost of GBX 888 ($10.84) per share, for a total transaction of £150.96 ($184.21).
• On Monday, November 21st, Paul Boote acquired 16 shares of Pennon Group stock. The stock was acquired at an average price of GBX 956 ($11.67) per share, for a total transaction of £152.96 ($186.65).

Pennon Group Stock Up 0.4 %

LON PNN opened at GBX 923 ($11.26) on Monday. The stock’s 50 day moving average is GBX 927.41 and its 200 day moving average is GBX 918.92. The company has a current ratio of 1.82, a quick ratio of 1.54 and a debt-to-equity ratio of 263.07. Pennon Group Plc has a 12 month low of GBX 735 ($8.97) and a 12 month high of GBX 1,124 ($13.72). The stock has a market cap of £2.41 billion and a PE ratio of 5,127.78.

Pennon Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 5th. Investors of record on Thursday, January 26th will be issued a dividend of GBX 12.96 ($0.16) per share. The ex-dividend date of this dividend is Thursday, January 26th. This represents a yield of 1.42%. Pennon Group’s payout ratio is presently 214.06%.

Analysts Set New Price Targets

Several research analysts have recently commented on PNN shares. Deutsche Bank Aktiengesellschaft decreased their price objective on Pennon Group from GBX 1,100 ($13.42) to GBX 880 ($10.74) and set a “hold” rating on the stock in a report on Wednesday, October 12th. Royal Bank of Canada cut their price objective on Pennon Group from GBX 1,050 ($12.81) to GBX 975 ($11.90) and set an “outperform” rating on the stock in a research report on Tuesday, October 4th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 1,300 ($15.86) price objective on shares of Pennon Group in a research report on Thursday, December 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pennon Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,100.83 ($13.43).

About Pennon Group

(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.