Insider Buying: Pennon Group Plc (LON:PNN) Insider Acquires 23 Shares of Stock

Pennon Group Plc (LON:PNN - Get Free Report) insider Susan Davy bought 23 shares of Pennon Group stock in a transaction dated 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 Up 0.5 %

LON:PNN traded up GBX 3.50 ($0.04) during mid-day trading on Monday, reaching GBX 664.50 ($8.21). The stock had a trading volume of 316,002 shares, compared to its average volume of 898,796. 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 Plc has a 1-year low of GBX 532.83 ($6.58) and a 1-year high of GBX 877.50 ($10.84). The stock's 50 day simple moving average is GBX 661.71 and its two-hundred day simple moving average is GBX 698.07. The company has a market capitalization of £1.90 billion, a price-to-earnings ratio of -11,075.00, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, April 5th. Stockholders of record on Thursday, January 25th were given a dividend of GBX 14.04 ($0.17) per share. This represents a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, January 25th. Pennon Group's payout ratio is -73,333.33%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 830 ($10.25) target price on shares of Pennon Group in a research report on Thursday, April 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 950 ($11.73).

About Pennon Group

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.