Key Points
- Insider purchase: Laura Flowerdew bought 33 Pennon Group shares at GBX 457 each, worth £150.81, on August 19. She previously bought smaller holdings in June and July but sold 1,119 shares in July.
- Stock performance and fundamentals: Pennon shares opened at GBX 461.80, up 0.8%, with a £2.18 billion market capitalization. The company reported quarterly EPS of GBX 28.30 and revenue of GBX 129.14 billion.
- Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with four Buy ratings and two Holds, although several firms recently reduced their price targets.
Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew bought 33 shares of Pennon Group stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of GBX 457 per share, with a total value of £150.81.
Laura Flowerdew also recently made the following trade(s):
- On Monday, July 20th, Laura Flowerdew bought 30 shares of Pennon Group stock. The shares were acquired 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 value of £5,516.67.
- On Friday, June 19th, Laura Flowerdew purchased 32 shares of Pennon Group stock. The stock was bought at an average price of GBX 462 per share, with a total value of £147.84.
Pennon Group Stock Up 0.8%
Shares of LON PNN opened at GBX 461.80 on Friday. The stock has a market capitalization of £2.18 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. Pennon Group Plc has a 52 week low of GBX 439.40 and a 52 week high of GBX 605. The firm has a 50-day moving average price of GBX 469.72 and a 200 day moving average price of GBX 515.96. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81.
Pennon Group (LON:PNN - Get Free Report) last issued its earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share for the quarter. Pennon Group had a net margin of 7.09% and a return on equity of 6.61%. The company had revenue of GBX 129.14 billion for the quarter. Equities research analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. UBS Group restated a "buy" rating and issued a GBX 650 price target on shares of Pennon Group in a report on Friday, June 5th. Citigroup reduced their price objective on Pennon Group from GBX 6,560 to GBX 5,520 and set a "buy" rating for the company in a report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Pennon Group from GBX 620 to GBX 550 and set a "buy" rating on the stock in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group lowered their target price on Pennon Group from GBX 590 to GBX 500 and set a "hold" rating on the stock in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Pennon Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,417.50.
Check Out Our Latest Research Report on Pennon Group
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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