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

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 29 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of GBX 522 per share, with a total value of £151.38.

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

• On Thursday, February 19th, Laura Flowerdew bought 26 shares of Pennon Group stock. The stock was acquired at an average price of GBX 572 per share, for a total transaction of £148.72.

Pennon Group Stock Performance

Shares of PNN stock traded down GBX 2 during trading on Friday, hitting GBX 510.50. The company’s stock had a trading volume of 26,003,229 shares, compared to its average volume of 8,553,922. The company has a current ratio of 1.62, a quick ratio of 1.54 and a debt-to-equity ratio of 357.72. The company has a market cap of £2.41 billion, a PE ratio of 106.35, a P/E/G ratio of 8.20 and a beta of 0.51. The business has a fifty day moving average of GBX 560.16 and a 200-day moving average of GBX 523.21. Pennon Group Plc has a 52 week low of GBX 427.20 and a 52 week high of GBX 605.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PNN. Deutsche Bank Aktiengesellschaft upped their price objective on Pennon Group from GBX 580 to GBX 600 and gave the company a “buy” rating in a research note on Monday, January 19th. Citigroup boosted their price target on shares of Pennon Group from GBX 628 to GBX 636 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 635.33.

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.