Pennon Group plc (LON:PNN) insider Susan Davy purchased 21 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were bought at an average price of GBX 599 ($8.28) per share, for a total transaction of £125.79 ($173.79).
PNN stock opened at GBX 593.58 ($8.20) on Wednesday. Pennon Group plc has a twelve month low of GBX 600.23 ($8.29) and a twelve month high of GBX 947.23 ($13.09). The company has a market capitalization of $2,540.00 and a PE ratio of 1,349.05.
Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their price target on Pennon Group from GBX 890 ($12.30) to GBX 790 ($10.91) and set an “equal weight” rating on the stock in a research report on Tuesday, March 6th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 830 ($11.47) price objective on shares of Pennon Group in a report on Friday, March 9th. Deutsche Bank lowered Pennon Group to a “hold” rating and cut their price objective for the stock from GBX 870 ($12.02) to GBX 840 ($11.61) in a report on Wednesday, December 6th. Finally, Goldman Sachs initiated coverage on Pennon Group in a report on Friday, January 26th. They set a “neutral” rating and a GBX 749 ($10.35) price objective for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 839.90 ($11.60).
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About Pennon Group
Pennon Group Plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited, Bournemouth Water Limited and Viridor Limited. The Company’s segments include Water and Waste management. Its water business comprises the regulated water and wastewater services undertaken by South West Water Limited and the regulated water services undertaken by Bournemouth Water Limited.
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