Laura Flowerdew Buys 33 Shares of Pennon Group (LON:PNN) Stock

Key Points

• Insider purchase: Laura Flowerdew bought 33 Pennon Group shares at GBX 454 each, totaling £149.82, following additional small purchases in July and August.
• Share performance: Pennon shares rose GBX 8 to GBX 467, with trading volume far above average. The stock remains below its 200-day moving average of GBX 498.48 and has traded between GBX 439.25 and GBX 605 over the past year.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, with five Buy ratings and two Holds, although several firms recently lowered their price targets.

Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew bought 33 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of GBX 454 per share, for a total transaction of £149.82.

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

• On Wednesday, August 19th, Laura Flowerdew purchased 33 shares of Pennon Group stock. The stock was acquired at an average price of GBX 457 per share, with a total value of £150.81.
• On Monday, July 20th, Laura Flowerdew purchased 30 shares of Pennon Group stock. The shares were acquired 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 shares were sold at an average price of GBX 493, for a total value of £5,516.67.

Pennon Group Price Performance

PNN traded up GBX 8 on Tuesday, hitting GBX 467. 79,687,156 shares of the company's stock traded hands, compared to its average volume of 14,025,994. The company's 50 day simple moving average is GBX 465.83 and its 200-day simple moving average is GBX 498.48. The firm has a market cap of £2.20 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 8.20 and a beta of 0.57. Pennon Group Plc has a one year low of GBX 439.25 and a one year high of GBX 605. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 347.81.

Analysts Set New Price Targets

Several research firms have recently commented on PNN. UBS Group reissued a "buy" rating and issued a GBX 650 target price on shares of Pennon Group in a report on Friday, June 5th. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 575 price target on shares of Pennon Group in a report on Tuesday, August 25th. Jefferies Financial Group dropped their price objective on shares of Pennon Group from GBX 590 to GBX 500 and set a "hold" rating for the company in a report on Monday, August 3rd. Citigroup reduced their target price on Pennon Group from GBX 6,560 to GBX 5,520 and set a "buy" rating on the stock in a report on Thursday, June 11th. Finally, 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. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,297.14.

Pennon Group Company Profile

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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