Pennon Group (LON:PNN) Insider Purchases £148.20 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew bought 30 shares of the stock in a transaction dated Monday, July 20th. The stock was bought at an average price of GBX 494 per share, for a total transaction 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 bought at an average price 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 stock was bought at an average cost of GBX 508 per share, with a total value of £152.40.

Pennon Group Trading Down 5.6%

Pennon Group stock opened at GBX 467.80 on Friday. 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 Plc has a 12 month low of GBX 439.40 and a 12 month high of GBX 605. The stock’s 50 day simple moving average is GBX 489.58 and its two-hundred day simple moving average is GBX 528.04. The firm has a market cap of £2.21 billion, a PE ratio of 24.24, a P/E/G 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 EPS for the quarter. The business 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%. Analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Analyst Ratings Changes

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

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.