Pennon Group (LON:PNN) Insider Laura Flowerdew Purchases 30 Shares

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 30 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The shares were acquired at an average price of GBX 494 per share, for a total transaction of £148.20.

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

• On Monday, July 20th, Laura Flowerdew sold 1,119 shares of Pennon Group stock. The shares were sold at an average price of GBX 493, for a total value of £5,516.67.
• On Friday, June 19th, Laura Flowerdew acquired 32 shares of Pennon Group stock. The stock was acquired at an average price of GBX 462 per share, with a total value of £147.84.
• On Tuesday, May 19th, Laura Flowerdew bought 30 shares of Pennon Group stock. The shares were acquired at an average cost of GBX 508 per share, with a total value of £152.40.

Pennon Group Trading Down 1.3%

LON PNN opened at GBX 483.80 on Wednesday. The stock has a market capitalization of £2.28 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 8.20 and a beta of 0.56. Pennon Group Plc has a one year low of GBX 439.40 and a one year high of GBX 605. The company has a debt-to-equity ratio of 347.81, a current ratio of 1.51 and a quick ratio of 1.53. The business’s fifty day moving average is GBX 491.68 and its 200-day moving average is GBX 528.71.

Pennon Group (LON:PNN) last issued its quarterly earnings results on Wednesday, June 10th. The company reported GBX 28.30 earnings per share for the quarter. The company had revenue of GBX 129.14 billion for the quarter. Pennon Group had a net margin of 7.09% and a return on equity of 6.61%. Equities research analysts predict that Pennon Group Plc will post 1.0402417 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PNN. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Pennon Group from GBX 620 to GBX 550 and set a “buy” rating for the company in a research report on Tuesday, June 16th. Citigroup lowered their price target on shares of Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a report on Thursday, June 11th. JPMorgan Chase & Co. upped their price objective on Pennon Group from GBX 565 to GBX 615 and gave the company a “neutral” rating in a research note on Monday, April 13th. Jefferies Financial Group reissued a “hold” rating and set a GBX 590 price objective on shares of Pennon Group in a report on Thursday, June 11th. Finally, UBS Group reissued a “buy” rating and issued a GBX 650 target price on shares of Pennon Group in a research report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Pennon Group has an average rating of “Moderate Buy” and a consensus target price of GBX 1,432.50.

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. 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.