Key Points
- Insider buying: Pennon director Laura Flowerdew made repeated small purchases — 27 shares on Apr 20 at GBX 544 (total £146.88), and earlier buys on Mar 19 (29 shares at GBX 522) and Feb 19 (26 shares at GBX 572).
- Analyst sentiment: Several banks have raised targets (Citigroup to GBX 636, Deutsche Bank to GBX 600, JPMorgan to GBX 615), leaving a consensus rating of Moderate Buy with an average target of GBX 630.25.
- Company and market metrics: Pennon is a FTSE 250 UK water infrastructure group with a 25-year rolling licence and a market cap of £2.52bn, trading around GBX 533.50 (down ~1.8%) but showing a high PE of 111.15 and a debt-to-equity ratio of 357.72.
Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew acquired 27 shares of the company's stock in a transaction that occurred on Monday, April 20th. The stock was bought at an average price of GBX 544 per share, with a total value of £146.88.
Laura Flowerdew also recently made the following trade(s):
- On Thursday, March 19th, Laura Flowerdew acquired 29 shares of Pennon Group stock. The stock was bought at an average price of GBX 522 per share, with a total value of £151.38.
- On Thursday, February 19th, Laura Flowerdew acquired 26 shares of Pennon Group stock. The stock was bought at an average price of GBX 572 per share, with a total value of £148.72.
Pennon Group Trading Down 1.8%
LON PNN opened at GBX 533.50 on Wednesday. The stock has a 50-day simple moving average of GBX 555.17 and a 200 day simple moving average of GBX 536.32. The company has a market capitalization of £2.52 billion, a PE ratio of 111.15, a P/E/G ratio of 8.20 and a beta of 0.56. The company has a current ratio of 1.62, a quick ratio of 1.54 and a debt-to-equity ratio of 357.72. Pennon Group Plc has a 12 month low of GBX 439.40 and a 12 month high of GBX 605.
Wall Street Analyst Weigh In
PNN has been the subject of a number of research analyst reports. Citigroup boosted their target price on Pennon Group from GBX 628 to GBX 636 and gave the company a "buy" rating in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Pennon Group from GBX 580 to GBX 600 and gave the company a "buy" rating in a research note on Monday, January 19th. Finally, JPMorgan Chase & Co. boosted their target price on Pennon Group from GBX 565 to GBX 615 and gave the company a "neutral" rating in a research note on Monday, April 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 630.25.
Get Our Latest Stock Analysis on PNN
About Pennon Group
(
Get Free Report)
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.
Further Reading
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