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Pennon Group Plc (LON:PNN - Get Rating) insider Paul Boote sold 2,906 shares of the company's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of GBX 980 ($12.01), for a total transaction of £28,478.80 ($34,896.21). Pennon Group Stock Performance

Shares of Pennon Group stock traded down GBX 11.88 ($0.15) during midday trading on Friday, hitting GBX 1,024.12 ($12.55). The company had a trading volume of 640,640 shares, compared to its average volume of 964,049. The stock has a market cap of £2.70 billion and a price-to-earnings ratio of 20,720.00. The company has a quick ratio of 1.50, a current ratio of 1.94 and a debt-to-equity ratio of 251.21. The company has a fifty day simple moving average of GBX 1,003.72 and a 200 day simple moving average of GBX 1,037.82. Pennon Group Plc has a 12-month low of GBX 932.81 ($11.43) and a 12-month high of GBX 1,335 ($16.36). Pennon Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 5th. Investors of record on Thursday, July 21st will be given a GBX 26.83 ($0.33) dividend. This is a positive change from Pennon Group's previous dividend of $11.70. This represents a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, July 21st. Pennon Group's dividend payout ratio (DPR) is presently 683.20%. Analyst Upgrades and Downgrades

PNN has been the subject of a number of research reports. Barclays reaffirmed an "overweight" rating and issued a GBX 1,300 ($15.93) price objective on shares of Pennon Group in a research note on Tuesday, May 31st. JPMorgan Chase & Co. lowered their price objective on shares of Pennon Group from GBX 1,200 ($14.70) to GBX 1,070 ($13.11) and set a "neutral" rating for the company in a research note on Tuesday, June 28th. Morgan Stanley reissued an "overweight" rating on shares of Pennon Group in a research report on Wednesday, May 11th. Royal Bank of Canada reissued a "sector perform" rating and set a GBX 1,050 ($12.87) price target on shares of Pennon Group in a research report on Tuesday, May 3rd. Finally, Citigroup reissued a "buy" rating and set a GBX 1,160 ($14.21) price target on shares of Pennon Group in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Pennon Group currently has a consensus rating of "Hold" and an average target price of GBX 1,134.29 ($13.90).Pennon Group Company Profile (Get Rating)

Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.See AlsoCronos Group Inc's Revenues Are Up, Is It Time to Buy?Beyond Meat Is Not Beyond Hope, And It's CheapWhy Apple Could Be At All-Time Highs By Year EndBJ’s Wholesale Club Stock Has More Room to Grow 3 Hotel Stocks to Consider Checking into After Earnings

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