Laura Flowerdew Buys 30 Shares of Pennon Group (LON:PNN) Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 30 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was purchased at an average price of GBX 494 per share, with a total value of £148.20.

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

• On Monday, July 20th, Laura Flowerdew sold 1,119 shares of Pennon Group stock. The shares were sold at an average price of GBX 493, for a total value of £5,516.67.
• On Friday, June 19th, Laura Flowerdew acquired 32 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 462 per share, for a total transaction of £147.84.
• On Tuesday, May 19th, Laura Flowerdew bought 30 shares of Pennon Group stock. The stock was purchased at an average price of GBX 508 per share, with a total value of £152.40.

Pennon Group Stock Up 2.4%

Shares of LON:PNN opened at GBX 495.60 on Thursday. Pennon Group Plc has a 1 year low of GBX 439.40 and a 1 year high of GBX 605. The company has a market cap of £2.34 billion, a PE ratio of 25.68, a P/E/G ratio of 8.20 and a beta of 0.56. 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 stock’s 50-day moving average is GBX 490.90 and its 200 day moving average is GBX 528.49.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. JPMorgan Chase & Co. raised their target price on shares of Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Citigroup lowered their price target on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a report on Thursday, June 11th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 590 price target on shares of Pennon Group in a research report on Thursday, June 11th. Finally, UBS Group reissued a “buy” rating and issued a GBX 650 price objective on shares of Pennon Group in a research note on Friday, June 5th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,432.50.

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.