Pennon Group (LON:PNN) Insider Acquires £146.88 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 27 shares of Pennon Group stock in a transaction that occurred on Monday, April 20th. The shares were bought at an average price of GBX 544 per share, for a total transaction of £146.88.

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

• On Thursday, March 19th, Laura Flowerdew purchased 29 shares of Pennon Group stock. The shares were bought at an average price of GBX 522 per share, for a total transaction of £151.38.
• On Thursday, February 19th, Laura Flowerdew purchased 26 shares of Pennon Group stock. The shares were bought at an average price of GBX 572 per share, for a total transaction of £148.72.

Pennon Group Trading Down 1.7%

Pennon Group stock traded down GBX 9 during trading hours on Tuesday, reaching GBX 534.50. 1,130,342 shares of the company’s stock traded hands, compared to its average volume of 14,027,700. The company has a debt-to-equity ratio of 357.72, a quick ratio of 1.54 and a current ratio of 1.62. Pennon Group Plc has a fifty-two week low of GBX 439.40 and a fifty-two week high of GBX 605. The firm has a market capitalization of £2.52 billion, a price-to-earnings ratio of 111.35, a PEG ratio of 8.20 and a beta of 0.56. The firm’s 50 day moving average is GBX 555.57 and its 200-day moving average is GBX 535.93.

Analyst Ratings Changes

A number of research analysts have issued reports on PNN shares. Citigroup upped their target price 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. Deutsche Bank Aktiengesellschaft upped 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a research report 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 630.25.

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.