Laura Flowerdew Purchases 34 Shares of Pennon Group Plc (LON:PNN) Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 34 shares of the stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of GBX 434 ($5.65) per share, with a total value of £147.56 ($191.96).

Laura Flowerdew also recently made the following trade(s):

• On Monday, January 20th, Laura Flowerdew acquired 28 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 528 ($6.87) per share, for a total transaction of £147.84 ($192.32).

Pennon Group Stock Performance

PNN traded up GBX 10.40 ($0.14) during midday trading on Thursday, hitting GBX 446.40 ($5.81). 4,156,538 shares of the company were exchanged, compared to its average volume of 6,778,858. The company’s 50 day simple moving average is GBX 465.83 and its 200 day simple moving average is GBX 543.10. The firm has a market capitalization of £2.07 billion, a price-to-earnings ratio of -125.51, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. Pennon Group Plc has a 1-year low of GBX 383 ($4.98) and a 1-year high of GBX 740.50 ($9.63). The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72.

Pennon Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Thursday, January 30th will be issued a dividend of GBX 14.69 ($0.19) per share. This represents a yield of 2.53%. The ex-dividend date is Thursday, January 30th. Pennon Group’s dividend payout ratio (DPR) is -1,715.11%.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating and issued a GBX 497 ($6.47) target price on shares of Pennon Group in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 766.75 ($9.97).

About Pennon Group

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.