Key Points
- Pennon Group insider Laura Flowerdew bought 30 shares on May 19 at GBX 508 each, adding to a series of small purchases she made in February, March, and April.
- The stock was up 1.4% and opened at GBX 515.14, while trading below both its 50-day and 200-day moving averages.
- Analysts currently view Pennon Group as a Moderate Buy, with a consensus price target of GBX 630.25 after recent target increases from Citigroup and JPMorgan.
Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew purchased 30 shares of the business's stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of GBX 508 per share, with a total value of £152.40.
Laura Flowerdew also recently made the following trade(s):
- On Monday, April 20th, Laura Flowerdew purchased 27 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 544 per share, with a total value of £146.88.
- On Thursday, March 19th, Laura Flowerdew purchased 29 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 522 per share, with a total value of £151.38.
- On Thursday, February 19th, Laura Flowerdew purchased 26 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 572 per share, with a total value of £148.72.
Pennon Group Trading Up 1.4%
Pennon Group stock opened at GBX 515.14 on Thursday. The business has a 50 day moving average price of GBX 533.94 and a two-hundred day moving average price of GBX 538.50. The company has a quick ratio of 1.54, a current ratio of 1.62 and a debt-to-equity ratio of 357.72. The stock has a market cap of £2.43 billion, a price-to-earnings ratio of 107.32, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. Pennon Group Plc has a 12 month low of GBX 439.40 and a 12 month high of GBX 605.
Analyst Ratings Changes
Several equities analysts have commented on PNN shares. Citigroup upped their price target on Pennon Group from GBX 628 to GBX 636 and gave the company a "buy" rating in a report on Wednesday, March 11th. JPMorgan Chase & Co. increased their target price on Pennon Group from GBX 565 to GBX 615 and gave the stock a "neutral" rating in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Pennon Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 630.25.
Check Out 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.
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