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

Shares of OPG Power Ventures Plc. (LON:OPG) opened at GBX 17.50 ($0.24) on Tuesday. OPG Power Ventures Plc. has a 52 week low of GBX 16 ($0.22) and a 52 week high of GBX 65.75 ($0.88).

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

Several research firms have recently commented on OPG. Shore Capital restated a “hold” rating on shares of OPG Power Ventures in a research note on Wednesday, August 30th. Macquarie reduced their target price on shares of OPG Power Ventures from GBX 120 ($1.62) to GBX 90 ($1.21) and set an “outperform” rating for the company in a research note on Thursday, August 31st.

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OPG Power Ventures Company Profile

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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