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Pennon Group plc (PNN) Insider Christopher Loughlin Purchases 18 Shares of Stock
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Christopher Loughlin also recently made the following trade(s):
- On Monday, June 19th, Christopher Loughlin acquired 17 shares of Pennon Group plc stock. The shares were purchased at an average cost of GBX 913 ($11.92) per share, for a total transaction of £155.21 ($202.68).
- On Friday, May 19th, Christopher Loughlin acquired 17 shares of Pennon Group plc stock. The shares were purchased at an average cost of GBX 872 ($11.39) per share, for a total transaction of £148.24 ($193.58).
Pennon Group plc (PNN) traded down 0.24% during midday trading on Friday, reaching GBX 824.00. 1,014,183 shares of the company’s stock traded hands. Pennon Group plc has a one year low of GBX 761.00 and a one year high of GBX 947.23. The stock’s market cap is GBX 3.41 billion. The stock’s 50 day moving average price is GBX 859.50 and its 200-day moving average price is GBX 856.19.
The business also recently disclosed a dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, July 6th will be given a dividend of GBX 24.87 ($0.32) per share. This is a boost from Pennon Group plc’s previous dividend of $11.09. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, July 6th.
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A number of research firms have issued reports on PNN. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 960 ($12.54) price objective on shares of Pennon Group plc in a report on Friday. Morgan Stanley cut their price objective on shares of Pennon Group plc from GBX 930 ($12.14) to GBX 920 ($12.01) and set an “equal weight” rating on the stock in a report on Tuesday. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 980 ($12.80) price objective on shares of Pennon Group plc in a report on Sunday, July 9th. Barclays PLC lifted their price objective on shares of Pennon Group plc from GBX 770 ($10.05) to GBX 810 ($10.58) and gave the stock an “underweight” rating in a report on Monday, June 12th. Finally, Credit Suisse Group AG cut their price target on shares of Pennon Group plc from GBX 750 ($9.79) to GBX 710 ($9.27) and set an “underperform” rating on the stock in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. Pennon Group plc presently has a consensus rating of “Hold” and an average price target 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.