Insider Buying: OPG Power Ventures Plc. (OPG) Insider Buys £49,300 in Stock

OPG Power Ventures Plc. (LON:OPG) insider Jeremy Warner Allen acquired 290,000 shares of the business’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of GBX 17 ($0.23) per share, with a total value of £49,300 ($66,352.62).

OPG Power Ventures Plc. (LON OPG) opened at GBX 18 ($0.24) on Thursday. OPG Power Ventures Plc. has a 52-week low of GBX 16 ($0.22) and a 52-week high of GBX 65.68 ($0.88).

The firm also recently disclosed a dividend, which will be paid on Friday, December 22nd. Shareholders of record on Thursday, November 9th will be given a GBX 0.72 ($0.01) dividend. This is an increase from OPG Power Ventures’s previous dividend of $0.26. The ex-dividend date is Thursday, November 9th. This represents a yield of 2.48%.

Several equities analysts have issued reports on OPG shares. Shore Capital reiterated a “hold” rating on shares of OPG Power Ventures in a research report on Wednesday, August 30th. Macquarie cut their price objective on OPG Power Ventures from GBX 120 ($1.62) to GBX 90 ($1.21) and set an “outperform” rating for the company in a research report on Thursday, August 31st.

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About OPG Power Ventures

OPG Power Ventures Plc is primarily engaged in the development, owning, operation and maintenance of private sector power projects in India. The electricity generated from the Company’s plants is sold principally to public sector undertakings and heavy industrial companies in India or in the short-term market.

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