Pennon Group (LON:PNN) Insider Buys £150.81 in Stock

Key Points

• Insider purchase: Pennon Group insider Laura Flowerdew bought 33 shares at GBX 457 each, investing £150.81. She has also made several recent purchases and sold 1,119 shares in July.
• Stock performance: Pennon shares rose 0.7% to GBX 461.60, but remain below their 50-day and 200-day moving averages and well below the 12-month high of GBX 605.
• Analyst view: Analysts maintain an overall “Moderate Buy” consensus, with four Buy ratings and two Holds, despite several recent reductions to price targets.

Pennon Group Plc (LON:PNN - Get Free Report) insider Laura Flowerdew bought 33 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of GBX 457 per share, with a total value of £150.81.

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

• On Monday, July 20th, Laura Flowerdew purchased 30 shares of Pennon Group stock. The stock was bought at an average price 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 stock was sold at an average price of GBX 493, for a total transaction of £5,516.67.
• On Friday, June 19th, Laura Flowerdew acquired 32 shares of Pennon Group stock. The shares were bought at an average price of GBX 462 per share, with a total value of £147.84.

Pennon Group Stock Up 0.7%

Shares of Pennon Group stock traded up GBX 3.40 during trading hours on Friday, hitting GBX 461.60. The company had a trading volume of 172,757 shares, compared to its average volume of 13,571,624. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.53. The company's 50-day moving average is GBX 470.01 and its two-hundred day moving average is GBX 516.35. The company has a market cap of £2.18 billion, a P/E ratio of 23.92, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. Pennon Group Plc has a twelve month low of GBX 439.40 and a twelve month high of GBX 605.

Pennon Group (LON:PNN - Get Free Report) last announced its quarterly earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share for the quarter. Pennon Group had a net margin of 7.09% and a return on equity of 6.61%. The firm had revenue of GBX 129.14 billion during the quarter. Analysts anticipate that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup lowered their price objective on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a "buy" rating on the stock in a research report on Thursday, June 11th. UBS Group reiterated a "buy" rating and set a GBX 650 target price on shares of Pennon Group in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Pennon Group from GBX 620 to GBX 550 and set a "buy" rating on the stock in a report on Tuesday, June 16th. Finally, Jefferies Financial Group dropped their price target on Pennon Group from GBX 590 to GBX 500 and set a "hold" rating on the stock in a research report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Pennon Group has an average rating of "Moderate Buy" and a consensus target price of GBX 1,417.50.

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. 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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