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

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 33 shares of Pennon Group stock in a transaction on Wednesday, August 19th. The stock was purchased at an average price 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 acquired 30 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 494 per share, for a total transaction of £148.20.
• 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 transaction of £5,516.67.
• On Friday, June 19th, Laura Flowerdew acquired 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.

Pennon Group Stock Performance

LON:PNN opened at GBX 461.80 on Monday. Pennon Group Plc has a 1 year low of GBX 439.40 and a 1 year high of GBX 605. The stock has a market capitalization of £2.18 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. The firm has a 50 day moving average of GBX 469.72 and a 200-day moving average of GBX 515.75. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. UBS Group reiterated a “buy” rating and set a GBX 650 target price on shares of Pennon Group in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a report on Tuesday, June 16th. Jefferies Financial Group lowered their price objective on Pennon Group from GBX 590 to GBX 500 and set a “hold” rating on the stock in a research report on Monday, August 3rd. Finally, Citigroup dropped their target price on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating for the company in a report on Thursday, June 11th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,417.50.

About Pennon Group

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.