Pennon Group Plc (LON:PNN) Insider Laura Flowerdew Acquires 34 Shares

Pennon Group Plc (LON:PNN) insider Laura Flowerdew bought 34 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of GBX 434 ($5.60) per share, with a total value of £147.56 ($190.52).

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

• On Monday, January 20th, Laura Flowerdew bought 28 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 528 ($6.82) per share, with a total value of £147.84 ($190.88).

Pennon Group Stock Down 1.3 %

Pennon Group stock opened at GBX 440.80 ($5.69) on Friday. Pennon Group Plc has a twelve month low of GBX 383 ($4.95) and a twelve month high of GBX 740.50 ($9.56). The stock has a 50 day moving average of GBX 462.59 and a two-hundred day moving average of GBX 541.28. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72. The stock has a market capitalization of £2.04 billion, a price-to-earnings ratio of -123.94, a PEG ratio of 8.20 and a beta of 0.29.

Pennon Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.