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

Pennon Group Plc (LON:PNN) insider Laura Flowerdew bought 30 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of GBX 508 per share, for a total transaction of £152.40.

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

• On Monday, April 20th, Laura Flowerdew purchased 27 shares of Pennon Group stock. The shares were purchased at an average cost of GBX 544 per share, with a total value of £146.88.
• On Thursday, March 19th, Laura Flowerdew purchased 29 shares of Pennon Group stock. The shares were purchased 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 purchased at an average price of GBX 572 per share, for a total transaction of £148.72.

Pennon Group Stock Performance

Pennon Group stock traded up GBX 10.60 during midday trading on Wednesday, reaching GBX 518.60. 878,143 shares of the stock traded hands, compared to its average volume of 16,654,439. The company has a current ratio of 1.62, a quick ratio of 1.54 and a debt-to-equity ratio of 357.72. The firm has a fifty day moving average price of GBX 534.39 and a two-hundred day moving average price of GBX 538.59. The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 108.04, a PEG ratio of 8.20 and a beta of 0.56. Pennon Group Plc has a fifty-two week low of GBX 439.40 and a fifty-two week high of GBX 605.

Wall Street Analyst Weigh In

PNN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a report on Monday, April 13th. Citigroup lifted their target price on Pennon Group from GBX 628 to GBX 636 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.