Laura Flowerdew Purchases 30 Shares of Pennon Group (LON:PNN) Stock

Pennon Group Plc (LON:PNNGet Free Report) insider Laura Flowerdew purchased 30 shares of the stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average price of GBX 508 per share, with a total value of £152.40.

Laura Flowerdew also recently made the following trade(s):

  • On Monday, April 20th, Laura Flowerdew acquired 27 shares of Pennon Group stock. The stock was bought at an average price of GBX 544 per share, for a total transaction of £146.88.
  • On Thursday, March 19th, Laura Flowerdew bought 29 shares of Pennon Group stock. The stock was bought at an average price of GBX 522 per share, with a total value of £151.38.
  • On Thursday, February 19th, Laura Flowerdew bought 26 shares of Pennon Group stock. The shares were bought at an average cost of GBX 572 per share, with a total value of £148.72.

Pennon Group Stock Up 2.1%

LON PNN traded up GBX 10.60 during trading hours on Wednesday, hitting GBX 518.60. 878,143 shares of the company were exchanged, compared to its average volume of 16,654,439. The company has a quick ratio of 1.54, a current ratio of 1.62 and a debt-to-equity ratio of 357.72. The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 108.04, a PEG ratio of 8.20 and a beta of 0.56. The company has a 50 day moving average of GBX 534.39 and a two-hundred day moving average of GBX 538.59. Pennon Group Plc has a 52-week low of GBX 439.40 and a 52-week high of GBX 605.

Analyst Ratings Changes

Several brokerages have commented on PNN. Citigroup lifted their price target on shares of Pennon Group from GBX 628 to GBX 636 and gave the company a “buy” rating in a research report on Wednesday, March 11th. JPMorgan Chase & Co. raised their price objective on Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a research note on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 630.25.

View Our Latest Stock Analysis on PNN

About Pennon Group

(Get Free Report)

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.

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