Laura Flowerdew Acquires 32 Shares of Pennon Group (LON:PNN) Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew bought 32 shares of the company’s stock in a transaction on Friday, June 19th. The shares were acquired at an average price of GBX 462 per share, with a total value of £147.84.

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

• On Tuesday, May 19th, Laura Flowerdew purchased 30 shares of Pennon Group stock. The stock was acquired at an average price of GBX 508 per share, for a total transaction of £152.40.
• On Monday, April 20th, Laura Flowerdew purchased 27 shares of Pennon Group stock. The stock was acquired at an average price of GBX 544 per share, for a total transaction of £146.88.

Pennon Group Price Performance

Shares of PNN stock opened at GBX 460.40 on Monday. The stock has a 50 day moving average price of GBX 518.33 and a 200 day moving average price of GBX 536.43. Pennon Group Plc has a 52-week low of GBX 439.40 and a 52-week high of GBX 605. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. The firm has a market capitalization of £2.17 billion, a P/E ratio of 95.92, a P/E/G ratio of 8.20 and a beta of 0.54.

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

Analyst Ratings Changes

PNN has been the topic of several recent analyst reports. Citigroup reduced 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 research note on Thursday, June 11th. UBS Group restated a “buy” rating and issued a GBX 650 target price on shares of Pennon Group in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating on the stock in a research report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 590 price target on shares of Pennon Group in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. increased their price objective on Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,432.50.

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. 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.