Pennon Group (LON:PNN) Insider Buys £151.38 in Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew acquired 29 shares of the firm’s stock in a transaction dated 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 bought 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 Stock Performance

Shares of LON PNN opened at GBX 513 on Monday. The company has a debt-to-equity ratio of 357.72, a quick ratio of 1.54 and a current ratio of 1.62. The stock has a 50 day moving average price of GBX 559.44 and a 200 day moving average price of GBX 524.63. The stock has a market capitalization of £2.42 billion, a PE ratio of 106.88, a price-to-earnings-growth ratio of 8.20 and a beta of 0.51. Pennon Group Plc has a 52 week low of GBX 427.20 and a 52 week high of GBX 605.

Wall Street Analysts Forecast Growth

PNN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Pennon Group from GBX 580 to GBX 600 and gave the company a “buy” rating in a research report on Monday, January 19th. Citigroup boosted 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target 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.