Pennon Group plc (LON:PNN) announced a dividend on Wednesday, November 29th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 25th will be paid a dividend of GBX 11.97 ($0.17) per share on Wednesday, April 4th. This represents a yield of 1.54%. The ex-dividend date is Thursday, January 25th. The official announcement can be viewed at this link.
Shares of Pennon Group (LON:PNN) traded down GBX 5.40 ($0.08) during trading hours on Friday, hitting GBX 649.60 ($9.11). The stock had a trading volume of 2,276,453 shares, compared to its average volume of 1,400,000. The stock has a market capitalization of $2,730.00 and a PE ratio of 1,476.36. Pennon Group has a 1 year low of GBX 644 ($9.03) and a 1 year high of GBX 947.23 ($13.28).
In other Pennon Group news, insider Helen Barrett-Hague sold 263 shares of the business’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of GBX 765 ($10.73), for a total transaction of £2,011.95 ($2,821.02). Insiders have acquired 58 shares of company stock worth $44,629 in the last three months.
Several research analysts recently weighed in on the company. Deutsche Bank reiterated a “buy” rating and set a GBX 870 ($12.20) price target on shares of Pennon Group in a research report on Friday, October 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 860 ($12.06) price objective on shares of Pennon Group in a research report on Thursday, November 30th. Goldman Sachs Group assumed coverage on Pennon Group in a research report on Friday, January 26th. They issued a “neutral” rating and a GBX 749 ($10.50) price objective for the company. Barclays restated an “underweight” rating on shares of Pennon Group in a research report on Tuesday, November 14th. Finally, Credit Suisse Group restated an “underperform” rating and issued a GBX 710 ($9.96) price objective on shares of Pennon Group in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Pennon Group currently has a consensus rating of “Hold” and a consensus target price of GBX 852.90 ($11.96).
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Pennon Group 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.
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