Pennon Group Plc (LON:PNN) Insider Susan Davy Acquires 15 Shares

Pennon Group Plc (LON:PNN – Get Rating) insider Susan Davy acquired 15 shares of Pennon Group stock in a transaction that occurred on Wednesday, April 20th. The shares were purchased at an average cost of GBX 1,030 ($13.40) per share, for a total transaction of £154.50 ($201.01).

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

• On Monday, February 21st, Susan Davy purchased 14 shares of Pennon Group stock. The stock was bought at an average cost of GBX 1,058 ($13.77) per share, for a total transaction of £148.12 ($192.71).

Shares of Pennon Group stock traded up GBX 3.37 ($0.04) during trading on Friday, reaching GBX 1,057.37 ($13.76). The company’s stock had a trading volume of 1,900,763 shares, compared to its average volume of 1,005,702. The business’s 50-day moving average price is GBX 1,045.03 and its 200-day moving average price is GBX 1,114.92. The firm has a market cap of £2.80 billion and a PE ratio of -107.55. Pennon Group Plc has a 52 week low of GBX 665.20 ($8.65) and a 52 week high of GBX 1,335 ($17.37). The company has a quick ratio of 2.27, a current ratio of 2.97 and a debt-to-equity ratio of 268.10.

A number of brokerages have weighed in on PNN. Barclays reaffirmed an “overweight” rating and issued a GBX 1,300 ($16.91) price target on shares of Pennon Group in a research note on Wednesday, April 13th. Morgan Stanley reiterated an “overweight” rating on shares of Pennon Group in a report on Friday, March 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 1,050 ($13.66) price objective on shares of Pennon Group in a report on Monday, April 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Pennon Group in a report on Tuesday, February 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 1,150.33 ($14.97).

About Pennon Group (Get Rating)

Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.

Read More