Pennon Group (LON:PNN) Insider Laura Flowerdew Acquires 29 Shares

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 29 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was bought at an average price of GBX 522 per share, with a total value of £151.38.

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

• On Thursday, February 19th, Laura Flowerdew acquired 26 shares of Pennon Group stock. The shares were bought at an average price of GBX 572 per share, for a total transaction of £148.72.

Pennon Group Price Performance

Shares of PNN stock opened at GBX 513 on Friday. The firm has a market cap of £2.42 billion, a P/E ratio of 106.88, a P/E/G ratio of 8.20 and a beta of 0.51. The company has a debt-to-equity ratio of 357.72, a current ratio of 1.62 and a quick ratio of 1.54. Pennon Group Plc has a 1-year low of GBX 427.20 and a 1-year high of GBX 605. The firm has a fifty day moving average of GBX 559.44 and a two-hundred day moving average of GBX 523.54.

Analysts Set New Price Targets

Several brokerages recently weighed in on PNN. Deutsche Bank Aktiengesellschaft boosted their price objective on Pennon Group from GBX 580 to GBX 600 and gave the company a “buy” rating in a report on Monday, January 19th. Citigroup increased their target price on Pennon Group from GBX 628 to GBX 636 and gave the stock a “buy” rating in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 635.33.

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.