Pennon Group (LON:PNN) Insider Susan Davy Purchases 33 Shares

Key Points

• Insider Susan Davy purchased 33 shares of Pennon Group at an average price of GBX 461 per share, totaling £152.13, indicating insider confidence in the company's prospects.
• Pennon Group's stock reached GBX 457.80 during midday trading, with a significant trading volume of 869,073 shares, compared to the average volume of 3,996,359.
• Barclays upgraded its price target for Pennon Group from GBX 650 to GBX 670, advising an "overweight" rating, contributing to a consensus rating of "Moderate Buy" among analysts.

Pennon Group Plc (LON:PNN - Get Free Report) insider Susan Davy bought 33 shares of the stock in a transaction dated Friday, September 19th. The shares were acquired at an average price of GBX 461 per share, for a total transaction of £152.13.

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

• On Tuesday, August 19th, Susan Davy acquired 31 shares of Pennon Group stock. The stock was purchased at an average price of GBX 475 per share, for a total transaction of £147.25.

Pennon Group Stock Performance

LON:PNN traded up GBX 2.60 during midday trading on Tuesday, reaching GBX 457.80. The stock had a trading volume of 869,073 shares, compared to its average volume of 3,996,359. The firm has a fifty day simple moving average of GBX 483.93 and a two-hundred day simple moving average of GBX 480.11. Pennon Group Plc has a 12-month low of GBX 383 and a 12-month high of GBX 624. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 341.72. The stock has a market cap of £2.16 billion, a P/E ratio of -2,843.48, a P/E/G ratio of 8.20 and a beta of 0.29.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their price objective on shares of Pennon Group from GBX 650 to GBX 670 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 583.50.

About Pennon Group

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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