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

Pennon Group Plc (LON:PNN) insider Laura Flowerdew bought 34 shares of Pennon Group 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, for a total transaction of £147.56 ($190.52).

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

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

Pennon Group Stock Down 1.3 %

PNN stock opened at GBX 440.80 ($5.69) on Friday. 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 Plc has a twelve month low of GBX 383 ($4.95) and a twelve month high of GBX 740.50 ($9.56). The company’s 50 day moving average is GBX 462.59 and its two-hundred day moving average is GBX 541.72. The stock has a market cap of £2.04 billion, a P/E ratio of -123.94, 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 given a dividend of GBX 14.69 ($0.19) per share. The ex-dividend date is Thursday, January 30th. This represents a dividend yield of 2.53%. Pennon Group’s dividend payout ratio (DPR) is presently -1,715.11%.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a “neutral” rating and set a GBX 497 ($6.42) price objective 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.