Pennon Group (LON:PNN) Insider Acquires £147.03 in Stock

Key Points

• Insider Susan Davy purchased 29 shares of Pennon Group at an average price of GBX 507 per share, totaling £147.03.
• Pennon Group shares increased 2.2% to reach GBX 528.50, with a market capitalization of £2.49 billion.
• Barclays has set a target price of GBX 670 for Pennon Group shares, which currently have an average rating of "Moderate Buy."

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

Susan Davy also recently made the following trade(s):

• On Friday, September 19th, Susan Davy acquired 33 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 461 per share, for a total transaction of £152.13.
• On Tuesday, August 19th, Susan Davy bought 31 shares of Pennon Group stock. The shares were acquired at an average price of GBX 475 per share, with a total value of £147.25.

Pennon Group Trading Up 2.2%

Shares of Pennon Group stock traded up GBX 11.50 on Wednesday, hitting GBX 528.50. 1,623,178 shares of the company's stock traded hands, compared to its average volume of 3,690,210. The firm's 50-day moving average price is GBX 475.65 and its two-hundred day moving average price is GBX 486.22. The stock has a market capitalization of £2.49 billion, a PE ratio of -32.83, a price-to-earnings-growth ratio of 8.20 and a beta of 0.29. Pennon Group Plc has a one year low of GBX 383 and a one year 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.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an "overweight" rating and set a GBX 670 target price on shares of Pennon Group in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Pennon Group currently has an average rating of "Moderate Buy" and a consensus target price 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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