Insider Buying: Pennon Group (LON:PNN) Insider Purchases £148.72 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 26 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was purchased at an average price of GBX 572 per share, for a total transaction of £148.72.

Pennon Group Stock Up 0.9%

LON:PNN opened at GBX 595.50 on Thursday. The stock has a 50-day simple moving average of GBX 550.72 and a 200 day simple moving average of GBX 515.06. Pennon Group Plc has a 52-week low of GBX 383 and a 52-week high of GBX 600. The company has a market cap of £2.81 billion, a PE ratio of 124.06, a PEG ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97.

Pennon Group (LON:PNN) last released its quarterly earnings results on Thursday, November 27th. The company reported GBX 14 earnings per share for the quarter. Pennon Group had a negative return on equity of 0.88% and a negative net margin of 1.05%. On average, sell-side analysts expect that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on PNN. Deutsche Bank Aktiengesellschaft raised their target price on shares of Pennon Group from GBX 580 to GBX 600 and gave the company a “buy” rating in a research report on Monday, January 19th. Citigroup downgraded shares of Pennon Group to a “neutral” rating and increased their price objective for the stock from GBX 539 to GBX 542 in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 604.

Pennon Group Company Profile

At the top end of the FTSE 250, Pennon is an infrastructure group, focused on the UK water market is one of only three listed water companies in the UK. Operating in a stable regulatory environment with a positive outlook, we are focused on long-term sustainable growth, through disciplined capital allocation, organic and acquisitive. Our 25-year rolling licence provides predictable index-linked growth and visibility over future revenues.

We provide clean and wastewater services through our businesses across the Great South West.