Key Points
- Insider purchase: Pennon Group insider Laura Flowerdew acquired 33 shares at GBX 454 each, worth approximately £149.82. She has also made smaller purchases in July and August, following the sale of 1,119 shares in July.
- Stock performance: PNN shares opened at GBX 466.80, with the stock trading below its 200-day moving average of GBX 497.70 and within a one-year range of GBX 439.25 to GBX 605.
- Analyst sentiment: Analysts give Pennon Group a “Moderate Buy” consensus, with five Buy ratings and two Holds, although several firms recently reduced their price targets.
Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew acquired 33 shares of the stock in a transaction dated Monday, September 21st. The shares were 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 acquired 33 shares of Pennon Group stock. The shares were bought at an average cost of GBX 457 per share, for a total transaction of £150.81.
- On Monday, July 20th, Laura Flowerdew bought 30 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 494 per share, for a total transaction 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.
Pennon Group Stock Performance
Shares of PNN stock opened at GBX 466.80 on Wednesday. The business has a fifty day moving average of GBX 465.41 and a 200 day moving average of GBX 497.70. Pennon Group Plc has a 1 year low of GBX 439.25 and a 1 year high of GBX 605. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.53. The firm has a market capitalization of £2.20 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 8.20 and a beta of 0.57.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on PNN shares. 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 research note on Thursday, June 11th. Jefferies Financial Group cut their price target on shares of Pennon Group from GBX 590 to GBX 500 and set a "hold" rating on the stock in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Pennon Group from GBX 620 to GBX 550 and set a "buy" rating for the company in a research note on Tuesday, June 16th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 575 price objective on shares of Pennon Group in a report on Tuesday, August 25th. Finally, UBS Group reiterated a "buy" rating and issued a GBX 650 price objective on shares of Pennon Group in a research note on Friday, June 5th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 1,297.14.
Check Out Our Latest Report on PNN
Pennon Group Company Profile
(
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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