Pennon Group plc (LON:PNN) Insider Purchases £147.24 in Stock
Pennon Group plc (LON:PNN) insider Christopher Loughlin bought 18 shares of the stock in a transaction dated Wednesday, July 19th. The shares were acquired at an average price of GBX 818 ($10.62) per share, with a total value of £147.24 ($191.15).
Christopher Loughlin also recently made the following trade(s):
- On Monday, June 19th, Christopher Loughlin bought 17 shares of Pennon Group plc stock. The shares were acquired at an average price of GBX 913 ($11.85) per share, with a total value of £155.21 ($201.49).
- On Friday, May 19th, Christopher Loughlin bought 17 shares of Pennon Group plc stock. The shares were acquired at an average price of GBX 872 ($11.32) per share, with a total value of £148.24 ($192.44).
Shares of Pennon Group plc (LON:PNN) traded down 0.19% during midday trading on Friday, hitting GBX 800.50. 815,578 shares of the stock were exchanged. Pennon Group plc has a 12 month low of GBX 761.00 and a 12 month high of GBX 947.23. The firm’s 50-day moving average is GBX 808.54 and its 200-day moving average is GBX 856.70. The stock’s market cap is GBX 3.31 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 6th will be paid a GBX 24.87 ($0.32) dividend. The ex-dividend date is Thursday, July 6th. This represents a dividend yield of 2.7%. This is a positive change from Pennon Group plc’s previous dividend of $11.09.
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Several equities analysts have recently issued reports on the stock. Deutsche Bank AG reiterated a “buy” rating and set a GBX 920 ($11.94) target price on shares of Pennon Group plc in a report on Friday, May 26th. Beaufort Securities reiterated a “buy” rating on shares of Pennon Group plc in a report on Thursday, May 25th. Barclays PLC lifted their target price on shares of Pennon Group plc from GBX 770 ($10.00) to GBX 810 ($10.52) and gave the company an “underweight” rating in a report on Monday, June 12th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 940 ($12.20) target price on shares of Pennon Group plc in a report on Wednesday, April 26th. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 840 ($10.90) target price on shares of Pennon Group plc in a report on Wednesday, May 3rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 883.46 ($11.47).
About Pennon Group plc
Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The Company’s segments include Water and Waste management. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited.
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