Pennon Group (LON:PNN) Insider Purchases £151.34 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 46 shares of the firm’s stock in a transaction dated Monday, October 19th. The shares were acquired at an average price of GBX 329 per share, for a total transaction of £151.34.

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

• On Monday, September 21st, Laura Flowerdew acquired 33 shares of Pennon Group stock. The stock was acquired at an average cost of GBX 454 per share, with a total value of £149.82.
• On Wednesday, August 19th, Laura Flowerdew bought 33 shares of Pennon Group stock. The stock was acquired at an average price of GBX 457 per share, with a total value of £150.81.

Pennon Group Trading Up 1.4%

LON PNN traded up GBX 4.50 during trading hours on Tuesday, hitting GBX 332.50. 8,869,166 shares of the company’s stock were exchanged, compared to its average volume of 12,686,249. The business’s 50 day moving average is GBX 436.69 and its 200-day moving average is GBX 479.23. Pennon Group Plc has a 12-month low of GBX 311.20 and a 12-month high of GBX 605. The firm has a market capitalization of £1.57 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 8.20 and a beta of 0.57. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 575 target price on shares of Pennon Group in a research report on Tuesday, August 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 380 price target on shares of Pennon Group in a research report on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Pennon Group to a “hold” rating and cut their price target for the stock from GBX 550 to GBX 380 in a research note on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,353.33.

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.