Pennon Group (LON:PNN) Insider Acquires £149.82 in Stock

Pennon Group Plc (LON:PNN – Get Free Report) insider Laura Flowerdew acquired 33 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were bought at an average cost of GBX 454 per share, with a total value of £149.82.

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

  • On Wednesday, August 19th, Laura Flowerdew bought 33 shares of Pennon Group stock. The stock was bought at an average cost of GBX 457 per share, for a total transaction of £150.81.
  • On Monday, July 20th, Laura Flowerdew bought 30 shares of Pennon Group stock. The shares were bought at an average price of GBX 494 per share, for a total transaction of £148.20.
  • On Monday, July 20th, Laura Flowerdew sold 1,119 shares of Pennon Group stock. The stock was sold at an average price of GBX 493, for a total value of £5,516.67.

Pennon Group Price Performance

Pennon Group stock opened at GBX 452.40 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81. The firm has a market capitalization of £2.13 billion, a P/E ratio of 23.44, a PEG ratio of 8.20 and a beta of 0.57. The business has a 50-day moving average of GBX 464.10 and a 200-day moving average of GBX 496.26. Pennon Group Plc has a 1 year low of GBX 439.25 and a 1 year high of GBX 605.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PNN shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 575 target price on shares of Pennon Group in a research note on Tuesday, August 25th. Citigroup reduced their price target on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Jefferies Financial Group lowered their price objective on shares of Pennon Group from GBX 590 to GBX 500 and set a “hold” rating for the company in a research report on Monday, August 3rd. UBS Group reaffirmed a “buy” rating and set a GBX 650 price objective on shares of Pennon Group in a research note on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,297.14.

Get Our Latest Stock Analysis on PNN

Pennon Group Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Pennon Group (LON:PNN)

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