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

Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew acquired 34 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of GBX 434 ($5.60) per share, with a total value of £147.56 ($190.55).

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 price of GBX 528 ($6.82) per share, for a total transaction of £147.84 ($190.91).

Pennon Group Stock Performance

PNN traded down GBX 1.80 ($0.02) during trading on Monday, hitting GBX 439 ($5.67). 2,440,710 shares of the stock were exchanged, compared to its average volume of 6,688,125. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 341.72. Pennon Group Plc has a 1-year low of GBX 383 ($4.95) and a 1-year high of GBX 740.50 ($9.56). The stock has a fifty day moving average price of GBX 462.59 and a two-hundred day moving average price of GBX 540.84. The firm has a market capitalization of £2.03 billion, a P/E ratio of -123.43, a PEG ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a "neutral" rating and issued a GBX 497 ($6.42) target price on shares of Pennon Group in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of GBX 766.75 ($9.90).

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Pennon Group Company Profile

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.