Pennon Group plc (LON:PNN) Insider Christopher Loughlin Purchases 19 Shares

Pennon Group plc (LON:PNN) insider Christopher Loughlin acquired 19 shares of Pennon Group stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average cost of GBX 791 ($10.73) per share, with a total value of £150.29 ($203.81).

Christopher Loughlin also recently made the following trade(s):

  • On Monday, November 20th, Christopher Loughlin acquired 19 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 780 ($10.58) per share, with a total value of £148.20 ($200.98).
  • On Thursday, October 19th, Christopher Loughlin acquired 19 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 794 ($10.77) per share, with a total value of £150.86 ($204.58).

Pennon Group plc (PNN) traded down GBX 4.20 ($0.06) during midday trading on Friday, hitting GBX 735.20 ($9.97). The stock had a trading volume of 1,070,000 shares, compared to its average volume of 1,320,000. The stock has a market cap of $3,090.00 and a PE ratio of 1,670.91. Pennon Group plc has a fifty-two week low of GBX 731.80 ($9.92) and a fifty-two week high of GBX 947.23 ($12.85).

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

Several research analysts recently commented on the company. Deutsche Bank reissued a “buy” rating and issued a GBX 870 ($11.80) price objective on shares of Pennon Group in a research note on Friday, October 20th. Beaufort Securities restated a “buy” rating on shares of Pennon Group in a report on Tuesday, September 26th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 860 ($11.66) target price on shares of Pennon Group in a report on Thursday, November 30th. Barclays restated an “underweight” rating on shares of Pennon Group in a report on Tuesday, November 14th. Finally, Credit Suisse Group restated an “underperform” rating and issued a GBX 710 ($9.63) target price on shares of Pennon Group in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 864.44 ($11.72).

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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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