Insider Buying: Pennon Group (LON:PNN) Insider Buys 33 Shares of Stock

Key Points

• Insider Activity: Laura Flowerdew, an insider at Pennon Group, purchased 33 shares at £152.13, with previous purchases including 31 and 29 shares.
• Stock Performance: Pennon Group's stock price is currently at GBX 457.80, with a market capitalization of £2.16 billion and a price-to-earnings ratio of -2,843.48.
• Analyst Rating: Barclays has upgraded Pennon Group's price target from GBX 650 to GBX 670, maintaining an "overweight" rating amid a consensus "Moderate Buy" rating from analysts.

Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew acquired 33 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average cost of GBX 461 per share, for a total transaction of £152.13.

Laura Flowerdew also recently made the following trade(s):

• On Tuesday, August 19th, Laura Flowerdew acquired 31 shares of Pennon Group stock. The shares were acquired at an average cost of GBX 475 per share, for a total transaction of £147.25.
• On Monday, July 21st, Laura Flowerdew bought 29 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 525 per share, for a total transaction of £152.25.

Pennon Group Price Performance

Pennon Group stock traded up GBX 2.60 during trading hours on Tuesday, hitting GBX 457.80. The stock had a trading volume of 869,073 shares, compared to its average volume of 3,996,359. The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54. The stock has a market capitalization of £2.16 billion, a price-to-earnings ratio of -2,843.48, a PEG ratio of 8.20 and a beta of 0.29. Pennon Group Plc has a 1-year low of GBX 383 and a 1-year high of GBX 624. The stock's fifty day moving average is GBX 483.93 and its two-hundred day moving average is GBX 480.11.

Wall Street Analyst Weigh In

Separately, Barclays raised their price objective on Pennon Group from GBX 650 to GBX 670 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Pennon Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 583.50.

About Pennon Group

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.

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