Susan Davy Buys 23 Shares of Pennon Group Plc (LON:PNN) Stock

Pennon Group Plc (LON:PNN) insider Susan Davy bought 23 shares of the business’s stock in a transaction on Friday, April 19th. The shares were acquired at an average cost of GBX 652 ($8.05) per share, with a total value of £149.96 ($185.23).

Pennon Group Price Performance

PNN opened at GBX 664.50 ($8.21) on Wednesday. The business’s 50-day simple moving average is GBX 662.18 and its 200-day simple moving average is GBX 698.82. The company has a debt-to-equity ratio of 340.01, a quick ratio of 1.54 and a current ratio of 1.27. Pennon Group Plc has a one year low of GBX 532.83 ($6.58) and a one year high of GBX 877.50 ($10.84). The stock has a market capitalization of £1.90 billion, a P/E 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. Investors of record on Thursday, January 25th were given a GBX 14.04 ($0.17) dividend. This represents a yield of 1.88%. The ex-dividend date of this dividend was Thursday, January 25th. Pennon Group’s dividend payout ratio (DPR) is presently -73,333.33%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 830 ($10.25) price target on shares of Pennon Group in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 950 ($11.73).

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.