Insider Buying: Pennon Group (LON:PNN) Insider Buys £150.81 in Stock

Pennon Group Plc (LON:PNNGet Free Report) insider Laura Flowerdew purchased 33 shares of the stock in a transaction dated Wednesday, August 19th. The shares were bought at an average cost of GBX 457 per share, for a total transaction of £150.81.

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

  • On Monday, July 20th, Laura Flowerdew purchased 30 shares of Pennon Group stock. The stock was bought at an average price of GBX 494 per share, with a total value of £148.20.
  • On Monday, July 20th, Laura Flowerdew sold 1,119 shares of Pennon Group stock. The shares were sold at an average price of GBX 493, for a total transaction of £5,516.67.
  • On Friday, June 19th, Laura Flowerdew acquired 32 shares of Pennon Group stock. The shares were bought at an average cost of GBX 462 per share, for a total transaction of £147.84.

Pennon Group Price Performance

PNN traded up GBX 3.40 on Friday, hitting GBX 461.60. 172,757 shares of the company were exchanged, compared to its average volume of 13,571,624. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. The business’s fifty day moving average is GBX 470.01 and its 200 day moving average is GBX 516.35. 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 £2.18 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56.

Pennon Group (LON:PNNGet Free Report) last issued its earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share (EPS) for the quarter. Pennon Group had a net margin of 7.09% and a return on equity of 6.61%. The company had revenue of GBX 129.14 billion during the quarter. As a group, sell-side analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PNN shares. Jefferies Financial Group reduced their price objective on Pennon Group from GBX 590 to GBX 500 and set a “hold” rating for the company in a report on Monday, August 3rd. Citigroup cut their price target on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating for the company in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Finally, UBS Group reissued a “buy” rating and issued a GBX 650 price objective on shares of Pennon Group in a research note on Friday, June 5th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pennon Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,417.50.

View Our Latest Analysis on Pennon Group

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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