Trade Report: The Insider Buying: Pennon Group plc (PNN) Insider Buys £144.72 in Stock

The Insider Buying: Pennon Group plc (PNN) Insider Buys £144.72 in Stock

Pennon Group plc (LON:PNN) insider Christopher Loughlin bought 18 shares of Pennon Group plc stock in a transaction on Monday, November 21st. The stock was acquired at an average cost of GBX 804 ($10.04) per share, with a total value of £144.72 ($180.81).

Christopher Loughlin also recently made the following trade(s): On Wednesday, October 19th, Christopher Loughlin bought 18 shares of Pennon Group plc stock. The stock was acquired at an average cost of GBX 843 ($10.53) per share, with a total value of £151.74 ($189.58).

Pennon Group plc (LON:PNN) opened at 821.5282 on Monday. The stock’s market capitalization is GBX 3.38 billion. The stock has a 50 day moving average price of GBX 818.39 and a 200 day moving average price of GBX 860.50. Pennon Group plc has a 12 month low of GBX 761.00 and a 12 month high of GBX 958.00.

The company also recently announced a dividend, which will be paid on Tuesday, April 4th. Investors of record on Thursday, February 2nd will be paid a GBX 11.09 ($0.14) dividend. The ex-dividend date is Thursday, February 2nd. This represents a yield of 1.36%.

A number of analysts have commented on PNN shares. Credit Suisse Group AG reissued an “underperform” rating and issued a GBX 790 ($9.87) target price on shares of Pennon Group plc in a report on Friday, September 9th. Investec upgraded Pennon Group plc to a “buy” rating and raised their price target for the stock from GBX 840 ($10.49) to GBX 920 ($11.49) in a research note on Wednesday, October 19th. Deutsche Bank AG restated a “buy” rating and issued a GBX 900 ($11.24) price target on shares of Pennon Group plc in a research note on Wednesday, September 7th. Beaufort Securities restated a “buy” rating on shares of Pennon Group plc in a research note on Thursday, September 22nd. Finally, HSBC restated a “buy” rating and issued a GBX 990 ($12.37) price target on shares of Pennon Group plc in a research note on Tuesday, September 13th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 875 ($10.93).

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