Pennon Group plc (PNN) Insider Sells £2,011.95 in Stock

Pennon Group plc (LON:PNN) insider Helen Barrett-Hague sold 263 shares of the firm’s stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of GBX 765 ($10.23), for a total value of £2,011.95 ($2,690.13).

Shares of Pennon Group plc (PNN) traded down GBX 1.40 ($0.02) during trading hours on Friday, reaching GBX 761.60 ($10.18). 2,240,511 shares of the company were exchanged, compared to its average volume of 1,310,000. Pennon Group plc has a 1 year low of GBX 752.50 ($10.06) and a 1 year high of GBX 947.23 ($12.67). The firm has a market capitalization of $3,200.00 and a P/E ratio of 1,730.91.

The business also recently declared a dividend, which will be paid on Wednesday, April 4th. Stockholders of record on Thursday, January 25th will be given a dividend of GBX 11.97 ($0.16) per share. The ex-dividend date is Thursday, January 25th. This represents a dividend yield of 1.54%.

A number of equities analysts recently issued reports on the company. Deutsche Bank reissued a “hold” rating and set a GBX 840 ($11.23) price target on shares of Pennon Group in a report on Thursday, December 14th. JPMorgan Chase & Co. lowered their price target on Pennon Group from GBX 860 ($11.50) to GBX 830 ($11.10) and set a “neutral” rating on the stock in a report on Thursday, December 7th. Barclays reissued an “underweight” rating on shares of Pennon Group in a report on Tuesday, November 14th. Credit Suisse Group reissued an “underperform” rating and set a GBX 710 ($9.49) price target on shares of Pennon Group in a report on Thursday, November 2nd. Finally, Beaufort Securities reissued a “buy” rating on shares of Pennon Group in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 861 ($11.51).

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About Pennon Group

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.

Insider Buying and Selling by Quarter for Pennon Group (LON:PNN)

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