Key Points
- Insider Laura Flowerdew bought 46 Pennon Group shares at GBX 329 each, totaling £151.34, following similar purchases in August and September.
- Pennon shares opened at GBX 332.50 and remain near their 52-week low of GBX 311.20, well below the 50-day and 200-day moving averages of GBX 434.06 and GBX 477.73, respectively.
- Analysts maintain a generally positive outlook, with four Buy ratings and two Holds, producing a consensus “Moderate Buy” rating; price targets range from GBX 380 to GBX 575 among the cited brokerages.
Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew acquired 46 shares of the company's stock in a transaction that occurred on Monday, October 19th. The stock was acquired at an average price of GBX 329 per share, with a total value of £151.34.
Laura Flowerdew also recently made the following trade(s):
- On Monday, September 21st, Laura Flowerdew acquired 33 shares of Pennon Group stock. The shares were bought at an average cost of GBX 454 per share, for a total transaction of £149.82.
- On Wednesday, August 19th, Laura Flowerdew purchased 33 shares of Pennon Group stock. The stock was bought at an average cost of GBX 457 per share, for a total transaction of £150.81.
Pennon Group Stock Up 1.4%
Shares of Pennon Group stock opened at GBX 332.50 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 1.51 and a debt-to-equity ratio of 347.81. The company has a 50 day moving average of GBX 434.06 and a 200 day moving average of GBX 477.73. The company has a market capitalization of £1.57 billion, a P/E ratio of 17.23, a P/E/G ratio of 8.20 and a beta of 0.57. Pennon Group Plc has a 52-week low of GBX 311.20 and a 52-week high of GBX 605.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on PNN. Jefferies Financial Group reiterated a "buy" rating and set a GBX 380 price target on shares of Pennon Group in a research note on Wednesday, October 14th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 575 price objective on shares of Pennon Group in a research note on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft cut Pennon Group to a "hold" rating and reduced their price target for the company from GBX 550 to GBX 380 in a report on Monday, October 12th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Pennon Group has a consensus rating of "Moderate Buy" and an average target price of GBX 1,353.33.
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
