Insider Buying: Pennon Group (LON:PNN) Insider Buys 30 Shares of Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 30 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were purchased at an average price of GBX 494 per share, with a total value of £148.20.

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

• 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.
• On Friday, June 19th, Laura Flowerdew purchased 32 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 462 per share, with a total value of £147.84.
• On Tuesday, May 19th, Laura Flowerdew purchased 30 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 508 per share, with a total value of £152.40.

Pennon Group Price Performance

LON:PNN traded down GBX 6.80 during trading hours on Tuesday, reaching GBX 483.60. The stock had a trading volume of 1,720,462 shares, compared to its average volume of 15,599,501. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. Pennon Group Plc has a 52 week low of GBX 439.40 and a 52 week high of GBX 605. The company has a 50 day moving average price of GBX 492.55 and a two-hundred day moving average price of GBX 529.02. The stock has a market capitalization of £2.28 billion, a PE ratio of 25.06, a PEG ratio of 8.20 and a beta of 0.56.

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

Wall Street Analysts Forecast Growth

PNN has been the subject of a number of analyst reports. Jefferies Financial Group restated a “hold” rating and set a GBX 590 price objective on shares of Pennon Group in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft cut their target price on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a research note on Tuesday, June 16th. JPMorgan Chase & Co. boosted their target price on shares of Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a report on Monday, April 13th. Citigroup lowered 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 report on Thursday, June 11th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 650 price objective on shares of Pennon Group in a research report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,432.50.

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.