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

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 46 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The shares were acquired at an average cost 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 price of GBX 454 per share, for a total transaction of £149.82.
• On Wednesday, August 19th, Laura Flowerdew bought 33 shares of Pennon Group stock. The shares were acquired at an average cost of GBX 457 per share, with a total value of £150.81.

Pennon Group Price Performance

Shares of LON PNN opened at GBX 333 on Friday. The company has a 50 day simple moving average of GBX 428.64 and a two-hundred day simple moving average of GBX 474.72. Pennon Group Plc has a fifty-two week low of GBX 311.20 and a fifty-two week high of GBX 605. The company has a market capitalization of £1.57 billion, a price-to-earnings ratio of 17.25, a P/E/G 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.

Analyst Ratings Changes

A number of research firms recently weighed in on PNN. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 380 price objective on shares of Pennon Group in a research report on Wednesday, October 14th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 575 target price on shares of Pennon Group in a report on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded Pennon Group to a “hold” rating and dropped their target price for the stock from GBX 550 to GBX 380 in a report on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Pennon Group has an average rating of “Moderate Buy” and an average target price of GBX 1,353.33.

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.