Pennon Group (LON:PNN) Insider Laura Flowerdew Acquires 27 Shares

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 27 shares of the business’s stock in a transaction on Monday, April 20th. The stock was acquired at an average price of GBX 544 per share, with a total value of £146.88.

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

• On Thursday, March 19th, Laura Flowerdew acquired 29 shares of Pennon Group stock. The stock was acquired at an average price of GBX 522 per share, with a total value of £151.38.
• On Thursday, February 19th, Laura Flowerdew acquired 26 shares of Pennon Group stock. The stock was acquired at an average price of GBX 572 per share, with a total value of £148.72.

Pennon Group Trading Down 1.8%

Shares of PNN opened at GBX 533.50 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.62 and a debt-to-equity ratio of 357.72. Pennon Group Plc has a 12-month low of GBX 439.40 and a 12-month high of GBX 605. The firm has a market capitalization of £2.52 billion, a PE ratio of 111.15, a price-to-earnings-growth ratio of 8.20 and a beta of 0.56. The stock’s fifty day simple moving average is GBX 555.17 and its 200-day simple moving average is GBX 536.32.

Analyst Upgrades and Downgrades

PNN has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a research note on Monday, April 13th. Citigroup lifted their price target on shares of Pennon Group from GBX 628 to GBX 636 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Pennon Group from GBX 580 to GBX 600 and gave the stock a “buy” rating in a research report on Monday, January 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 630.25.

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. 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.