Pennon Group (LON:PNN) Insider Acquires 46 Shares of Company Stock

Key Points

• Insider purchase: Pennon Group insider Laura Flowerdew bought 46 shares at GBX 329 each, for a total of £151.34. This follows two earlier purchases in August and September.
• Share performance: PNN shares rose GBX 4.50 to GBX 332.50, but remain well below their 50-day and 200-day moving averages and near the lower end of their one-year range.
• Analyst outlook: Broker sentiment is a “Moderate Buy,” with four Buy and two Hold ratings, although Deutsche Bank downgraded the stock to Hold and cut its target to GBX 380.

Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew purchased 46 shares of Pennon Group stock in a transaction that occurred on Monday, October 19th. The stock was bought at an average cost 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 bought 33 shares of Pennon Group stock. The shares were acquired at an average price of GBX 454 per share, for a total transaction of £149.82.
• On Wednesday, August 19th, Laura Flowerdew acquired 33 shares of Pennon Group stock. The shares were acquired at an average cost of GBX 457 per share, for a total transaction of £150.81.

Pennon Group Stock Performance

PNN stock traded up GBX 4.50 during trading on Tuesday, hitting GBX 332.50. The company had a trading volume of 8,869,166 shares, compared to its average volume of 12,686,249. The firm has a market cap of £1.57 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 8.20 and a beta of 0.57. 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 firm has a 50-day moving average price of GBX 436.69 and a 200-day moving average price of GBX 479.23. Pennon Group Plc has a 1-year low of GBX 311.20 and a 1-year high of GBX 605.

Analysts Set New Price Targets

Several brokerages recently issued reports on PNN. Deutsche Bank Aktiengesellschaft cut Pennon Group to a "hold" rating and reduced their price objective for the stock from GBX 550 to GBX 380 in a report on Monday, October 12th. Jefferies Financial Group restated a "buy" rating and set a GBX 380 target price on shares of Pennon Group in a report on Wednesday, October 14th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 575 price target on shares of Pennon Group in a report on Tuesday, August 25th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,353.33.

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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