Insider Buying: Pennon Group (LON:PNN) Insider Acquires £147.84 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 32 shares of the business’s stock in a transaction on Friday, June 19th. The stock was acquired at an average price of GBX 462 per share, with a total value of £147.84.

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

• On Tuesday, May 19th, Laura Flowerdew acquired 30 shares of Pennon Group stock. The stock was acquired at an average price of GBX 508 per share, for a total transaction of £152.40.
• On Monday, April 20th, Laura Flowerdew acquired 27 shares of Pennon Group stock. The stock was acquired at an average cost of GBX 544 per share, with a total value of £146.88.

Pennon Group Stock Performance

LON:PNN opened at GBX 460.40 on Monday. The stock has a 50-day moving average price of GBX 518.33 and a 200 day moving average price of GBX 536.43. The stock has a market capitalization of £2.17 billion, a P/E ratio of 95.92, a P/E/G ratio of 8.20 and a beta of 0.54. Pennon Group Plc has a 12-month low of GBX 439.40 and a 12-month high of GBX 605. 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 posted its quarterly earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share for the quarter. The business had revenue of GBX 129.14 billion during the quarter. Pennon Group had a return on equity of 6.61% and a net margin of 7.09%. Equities research analysts forecast that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PNN. Deutsche Bank Aktiengesellschaft reduced their price objective 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. UBS Group reiterated a “buy” rating and set a GBX 650 price objective on shares of Pennon Group in a research report on Friday, June 5th. Citigroup decreased their target price on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 590 price target on shares of Pennon Group in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. upped their price objective on Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a research report on Monday, April 13th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.