Pennon Group (LON:PNN) Insider Susan Davy Acquires 31 Shares

Pennon Group Plc (LON:PNN) insider Susan Davy purchased 31 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of GBX 475 per share, for a total transaction of £147.25.

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

• On Thursday, June 19th, Susan Davy bought 31 shares of Pennon Group stock. The shares were acquired at an average price of GBX 484 per share, for a total transaction of £150.04.

Pennon Group Stock Performance

LON:PNN opened at GBX 508.23 on Thursday. The company has a current ratio of 0.97, a quick ratio of 1.54 and a debt-to-equity ratio of 341.72. The firm’s fifty day simple moving average is GBX 494.35 and its 200 day simple moving average is GBX 475.02. The firm has a market capitalization of £2.36 billion, a price-to-earnings ratio of -142.90, a PEG ratio of 8.20 and a beta of 0.29. Pennon Group Plc has a twelve month low of GBX 383 and a twelve month high of GBX 643.

Pennon Group (LON:PNN) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported GBX (10.30) earnings per share for the quarter. Pennon Group had a negative net margin of 1.05% and a negative return on equity of 0.88%. As a group, equities research analysts expect that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.