Laura Flowerdew Purchases 29 Shares of Pennon Group (LON:PNN) Stock

Key Points

• Insider Laura Flowerdew purchased 29 shares of Pennon Group at an average cost of GBX 507 per share, totaling £147.03, as part of her recent series of stock transactions.
• Pennon Group's stock increased by 2.2%, reaching GBX 528.50, with a market capitalization of £2.49 billion and a 52-week range between GBX 383 and GBX 624.
• Analysts maintain a "Moderate Buy" consensus rating for Pennon Group, with Barclays setting an overweight rating and a price target of GBX 670.

Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew bought 29 shares of Pennon Group stock in a transaction that occurred on Monday, October 20th. The shares were acquired at an average cost of GBX 507 per share, for a total transaction of £147.03.

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

• On Friday, September 19th, Laura Flowerdew purchased 33 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 461 per share, for a total transaction of £152.13.
• On Tuesday, August 19th, Laura Flowerdew purchased 31 shares of Pennon Group stock. The stock was purchased at an average cost of GBX 475 per share, for a total transaction of £147.25.

Pennon Group Trading Up 2.2%

Pennon Group stock traded up GBX 11.50 during trading hours on Wednesday, reaching GBX 528.50. The stock had a trading volume of 1,623,178 shares, compared to its average volume of 3,690,210. The stock has a market cap of £2.49 billion, a PE ratio of -32.83, a PEG ratio of 8.20 and a beta of 0.29. Pennon Group Plc has a 52 week low of GBX 383 and a 52 week high of GBX 624. 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 company has a fifty day simple moving average of GBX 475.65 and a 200-day simple moving average of GBX 486.22.

Analysts Set New Price Targets

Separately, Barclays reissued an "overweight" rating and issued a GBX 670 price target on shares of Pennon Group in a report on Thursday, October 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 583.50.

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.

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