Pennon Group Plc (LON:PNN) Insider Paul Boote Acquires 19 Shares of Stock

Posted by on Jun 21st, 2023

Pennon Group Plc (LON:PNN – Get Rating) insider Paul Boote acquired 19 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was purchased at an average price of GBX 770 ($9.85) per share, with a total value of £146.30 ($187.20).

Paul Boote also recently made the following trade(s):

  • On Friday, May 19th, Paul Boote acquired 18 shares of Pennon Group stock. The stock was bought at an average price of GBX 824 ($10.54) per share, with a total value of £148.32 ($189.79).
  • On Wednesday, April 19th, Paul Boote bought 18 shares of Pennon Group stock. The stock was purchased at an average price of GBX 854 ($10.93) per share, with a total value of £153.72 ($196.70).

Pennon Group Trading Down 1.2 %

PNN opened at GBX 753.50 ($9.64) on Wednesday. The company has a debt-to-equity ratio of 278.67, a current ratio of 1.25 and a quick ratio of 1.54. Pennon Group Plc has a fifty-two week low of GBX 735 ($9.40) and a fifty-two week high of GBX 1,076 ($13.77). The firm has a market capitalization of £1.97 billion, a PE ratio of 4,263.89, a P/E/G ratio of 7.28 and a beta of 0.35. The company’s 50-day moving average is GBX 823.13 and its 200 day moving average is GBX 868.43.

Pennon Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 4th. Shareholders of record on Thursday, July 20th will be paid a GBX 29.77 ($0.38) dividend. This is a positive change from Pennon Group’s previous dividend of $12.96. The ex-dividend date of this dividend is Thursday, July 20th. This represents a yield of 3.85%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PNN. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,200 ($15.36) price objective on shares of Pennon Group in a research report on Wednesday, May 24th. Credit Suisse Group restated a “neutral” rating and issued a GBX 900 ($11.52) price objective on shares of Pennon Group in a report on Monday, March 20th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Pennon Group from GBX 840 ($10.75) to GBX 780 ($9.98) and set a “hold” rating on the stock in a research report on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Pennon Group presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,052.50 ($13.47).

Pennon Group Company Profile

(Get Rating)

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.

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