Insider Buying: Pennon Group (LON:PNN) Insider Purchases 33 Shares

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 33 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of GBX 454 per share, with a total value of £149.82.

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

• On Wednesday, August 19th, Laura Flowerdew purchased 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.
• On Monday, July 20th, Laura Flowerdew bought 30 shares of Pennon Group stock. The shares were bought at an average cost of GBX 494 per share, with a total value 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.

Pennon Group Trading Up 1.7%

PNN traded up GBX 8 during trading on Tuesday, hitting GBX 467. 79,687,156 shares of the stock were exchanged, compared to its average volume of 14,025,994. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. The firm has a 50 day simple moving average of GBX 465.83 and a 200 day simple moving average of GBX 498.48. The firm has a market cap of £2.20 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 8.20 and a beta of 0.57. Pennon Group Plc has a 1 year low of GBX 439.25 and a 1 year high of GBX 605.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PNN. Jefferies Financial Group lowered their price objective on Pennon Group from GBX 590 to GBX 500 and set a “hold” rating for the company in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a research note on Tuesday, June 16th. Citigroup dropped their price target on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 575 target price on shares of Pennon Group in a research note on Tuesday, August 25th. Finally, UBS Group reissued a “buy” rating and set a GBX 650 target price on shares of Pennon Group in a research report on Friday, June 5th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pennon Group has an average rating of “Moderate Buy” and a consensus price target of GBX 1,297.14.

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.