Susan Davy Acquires 33 Shares of Pennon Group Plc (LON:PNN) Stock

Pennon Group Plc (LON:PNN) insider Susan Davy purchased 33 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of GBX 455 ($5.77) per share, for a total transaction of £150.15 ($190.26).

Pennon Group Price Performance

Shares of PNN stock opened at GBX 438.20 ($5.55) on Friday. The stock’s fifty day simple moving average is GBX 531.32 and its 200 day simple moving average is GBX 567.70. The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54. Pennon Group Plc has a one year low of GBX 422.60 ($5.35) and a one year high of GBX 740.50 ($9.38). The firm has a market cap of £2.03 billion, a price-to-earnings ratio of -123.21, a P/E/G ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last issued its quarterly earnings data on Wednesday, November 27th. The company reported GBX (6.60) (($0.08)) earnings per share (EPS) for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%. On average, analysts expect that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Pennon Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Shareholders of record on Thursday, January 30th will be given a GBX 14.69 ($0.19) dividend. 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 Analyst Weigh In

Separately, Citigroup reaffirmed a “neutral” rating and issued a GBX 497 ($6.30) price target on shares of Pennon Group in a research note on Tuesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 766.75 ($9.72).

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.