Pennon Group (LON:PNN) Insider Buys £147.25 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 31 shares of Pennon Group stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of GBX 475 per share, with a total value of £147.25.

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

• On Monday, July 21st, Laura Flowerdew acquired 29 shares of Pennon Group stock. The shares were acquired at an average cost of GBX 525 per share, with a total value of £152.25.
• On Thursday, June 19th, Laura Flowerdew bought 31 shares of Pennon Group stock. The stock was bought at an average price of GBX 484 per share, with a total value of £150.04.

Pennon Group Stock Up 0.8%

Shares of PNN opened at GBX 492.60 on Friday. The firm has a market cap of £2.28 billion, a P/E ratio of -138.50, a P/E/G ratio of 8.20 and a beta of 0.29. The stock has a 50 day simple moving average of GBX 494.36 and a two-hundred day simple moving average of GBX 475.46. The company has a debt-to-equity ratio of 341.72, a current ratio of 0.97 and a quick ratio of 1.54. Pennon Group Plc has a 1 year low of GBX 383 and a 1 year high of GBX 643.

Pennon Group (LON:PNN) last released 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%. On average, analysts forecast that Pennon Group Plc will post 1.0402417 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.