Pennon Group Plc (LON:PNN – Get Rating) insider Paul Boote bought 16 shares of the stock in a transaction dated Monday, November 21st. The shares were purchased at an average cost of GBX 956 ($11.30) per share, for a total transaction of £152.96 ($180.87).
Pennon Group Trading Down 0.4 %
Shares of Pennon Group stock opened at GBX 964 ($11.40) on Wednesday. The firm has a market capitalization of £2.52 billion and a PE ratio of 19,280.00. The company has a current ratio of 1.94, a quick ratio of 1.50 and a debt-to-equity ratio of 251.21. Pennon Group Plc has a twelve month low of GBX 735 ($8.69) and a twelve month high of GBX 1,250 ($14.78). The firm’s 50-day moving average price is GBX 852.67 and its 200 day moving average price is GBX 950.71.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on PNN. Royal Bank of Canada lowered their target price on shares of Pennon Group from GBX 1,050 ($12.42) to GBX 975 ($11.53) and set an “outperform” rating on the stock in a research note on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Pennon Group from GBX 1,100 ($13.01) to GBX 880 ($10.41) and set a “hold” rating on the stock in a research note on Wednesday, October 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,100.83 ($13.02).
Pennon Group Company Profile
Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.
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