Pennon Group (LON:PNN) Insider Laura Flowerdew Purchases 31 Shares

Pennon Group Plc (LON:PNN) insider Laura Flowerdew bought 31 shares of the stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of GBX 475 per share, with a total value of £147.25.

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

• On Monday, July 21st, Laura Flowerdew bought 29 shares of Pennon Group stock. The shares were acquired at an average price of GBX 525 per share, for a total transaction of £152.25.
• On Thursday, June 19th, Laura Flowerdew bought 31 shares of Pennon Group stock. The stock was acquired at an average cost of GBX 484 per share, for a total transaction of £150.04.

Pennon Group Stock Up 7.6%

Shares of LON:PNN opened at GBX 508.23 on Thursday. The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54. The stock has a market cap of £2.36 billion, a price-to-earnings ratio of -142.90, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a 50 day moving average of GBX 494.35 and a 200-day moving average of GBX 475.02. Pennon Group Plc has a one year low of GBX 383 and a one year high of GBX 643.

Pennon Group (LON:PNN) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported GBX (10.30) earnings per share (EPS) for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%. On average, sell-side analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barclays upped their price objective on Pennon Group from GBX 650 to GBX 670 and gave the company an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Pennon Group has an average rating of “Moderate Buy” and a consensus target price of GBX 583.50.

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.