Insider Buying: Pennon Group plc (LON:PNN) Insider Purchases 18 Shares of Stock
Pennon Group plc (LON:PNN) insider Christopher Loughlin purchased 18 shares of the stock in a transaction dated Wednesday, July 19th. The stock was bought at an average cost of GBX 818 ($10.68) per share, with a total value of £147.24 ($192.27).
Christopher Loughlin also recently made the following trade(s):
- On Monday, June 19th, Christopher Loughlin purchased 17 shares of Pennon Group plc stock. The stock was bought at an average cost of GBX 913 ($11.92) per share, with a total value of £155.21 ($202.68).
- On Friday, May 19th, Christopher Loughlin purchased 17 shares of Pennon Group plc stock. The stock was bought at an average cost of GBX 872 ($11.39) per share, with a total value of £148.24 ($193.58).
Pennon Group plc (LON PNN) traded down 0.24% during trading on Friday, reaching GBX 824.00. The company’s stock had a trading volume of 1,014,183 shares. Pennon Group plc has a 12 month low of GBX 761.00 and a 12 month high of GBX 947.23. The stock’s market cap is GBX 3.41 billion. The company’s 50-day moving average is GBX 860.48 and its 200-day moving average is GBX 856.41.
The company also recently disclosed a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 6th will be issued a dividend of GBX 24.87 ($0.32) per share. This is an increase from Pennon Group plc’s previous dividend of $11.09. The ex-dividend date of this dividend is Thursday, July 6th. This represents a dividend yield of 2.7%.
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A number of analysts have recently commented on PNN shares. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 900 ($11.75) price target on shares of Pennon Group plc in a research note on Friday, March 24th. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 940 ($12.27) price target on shares of Pennon Group plc in a research note on Wednesday, April 26th. Citigroup Inc. reaffirmed a “neutral” rating and issued a GBX 840 ($10.97) price target on shares of Pennon Group plc in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 950 ($12.41) price target on shares of Pennon Group plc in a research note on Thursday, May 4th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Pennon Group plc in a research note on Thursday, May 25th. 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 company. The company presently has an average rating of “Hold” and a consensus target price of GBX 891.92 ($11.65).
Pennon Group plc Company Profile
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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