Insider Buying: Pennon Group (LON:PNN) Insider Acquires 29 Shares of Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew bought 29 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was purchased at an average price of GBX 522 per share, for a total transaction of £151.38.

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

• On Thursday, February 19th, Laura Flowerdew purchased 26 shares of Pennon Group stock. The shares were acquired at an average price of GBX 572 per share, with a total value of £148.72.

Pennon Group Stock Down 0.4%

PNN traded down GBX 2 during trading on Friday, hitting GBX 510.50. 26,003,229 shares of the company’s stock were exchanged, compared to its average volume of 8,553,922. Pennon Group Plc has a fifty-two week low of GBX 427.20 and a fifty-two week high of GBX 605. The stock has a market cap of £2.41 billion, a P/E ratio of 106.35, a PEG ratio of 8.20 and a beta of 0.51. The business’s 50 day moving average is GBX 560.16 and its two-hundred day moving average is GBX 523.21. The company has a quick ratio of 1.54, a current ratio of 1.62 and a debt-to-equity ratio of 357.72.

Analyst Ratings Changes

A number of equities analysts have issued reports on PNN shares. Deutsche Bank Aktiengesellschaft lifted their price target on Pennon Group from GBX 580 to GBX 600 and gave the company a “buy” rating in a research note on Monday, January 19th. Citigroup lifted their target price on Pennon Group from GBX 628 to GBX 636 and gave the company a “buy” rating in a research report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 635.33.

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.