Loughlin Buys 14 Pennon Group Plc Shares Amounting to $188.77

EXETER, United Kingdom – A Pennon Group plc insider purchases shares amounting to $13.48 each share on Thursday, December 19.

Christopher Loughlin, an insider from Pennon Group plc (LON: PNN), purchases share from the stock of the company amounting to a total of $188.77 or £143.50. He bought 14 shares, wherein each share had an average cost of $13.49 each share, or GBX 1,025. This trade happened on Thursday, December 19.

Pennon Group Plc is a company that’s involved in the environmental structure industries in the United Kingdom, China, the rest of the European Union, and globally. The Water segment includes the regulated wastewater and water services for clients in Devon, Cornwall, and other parts of Somerset and Dorset.

On December 20, Friday, the shares of Penny Group plc opened at $13.49 per share or GBX 1,025.50. It has a 240.10-debt-to-equity ratio, a 1.78-quick ratio, and a present ratio of 2.31. The stock has a moving average of GBX 809.68 at 200 days, while the 50-day moving average is at GBX 928.29.

Penny Group plc has a market capitalization worth $4.32 billion, along with an 18.51-PE ratio. Moreover, it had a year low amounting to $8.96 or GBX 681, and it had a year high worth $13.35 or GBX 1,015.

Penny Group plc recently declared a dividend to be paid on April 3, while registered depositors will be given a dividend amounting to $0.18 or GBX 13.66 on January 23. It signifies a 1.45%-yield. Furthermore, this company’s payout rate is 0.76%.

Some forecasters weighed in on Penny Group plc. Jefferies Financial Group repeated a hold rating on the company’s shares as per a report on December 13. Barclays provided an overweight rating again on this company’s shares on December 14 on a research memo.  Moreover, HSBC reaffirmed a buy rating on the shares of the company on December 5, in a report as well.

Aside from Jefferies Financial Group, Barclays, and HSBC, the Investec declared a hold rating on Penny Group plc’s shares and increased the bull’s eye stock price from $11.71 or GBX 890 to $13.15 or GBX 1,000. Also, Deutsche Bank raised its target stock price on the company from $11.58 or GBX 880 to $13.42 or GBX 1,020. Moreover, this banking company provided it a buy rating on December 16.

One forecaster rated a sell rating to Penny Group plc’s stock, six provided the company a buy rating, and five gave a hold rating. This company shortly earned a “hold” average rating, wherein the stock price of the consensus was $11.66 or GBX 886.73.