Insider Buying: Pennon Group (LON:PNN) Insider Buys 26 Shares of Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew purchased 26 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of GBX 572 per share, with a total value of £148.72.

Pennon Group Trading Up 0.8%

Pennon Group stock traded up GBX 4.84 during mid-day trading on Monday, hitting GBX 588.50. The company’s stock had a trading volume of 623,692 shares, compared to its average volume of 10,876,292. The company has a 50 day moving average of GBX 546.22 and a 200-day moving average of GBX 513.18. The stock has a market cap of £2.78 billion, a PE ratio of 122.60, a P/E/G ratio of 8.20 and a beta of 0.29. The company has a debt-to-equity ratio of 341.72, a quick ratio of 1.54 and a current ratio of 0.97. Pennon Group Plc has a one year low of GBX 383 and a one year high of GBX 597.50.

Pennon Group (LON:PNN) last released its earnings results on Thursday, November 27th. The company reported GBX 14 earnings per share for the quarter. Pennon Group had a negative return on equity of 0.88% and a negative net margin of 1.05%. On average, research analysts anticipate that Pennon Group Plc will post 1.0402417 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Pennon Group from GBX 580 to GBX 600 and gave the stock a “buy” rating in a research note on Monday, January 19th. Citigroup lowered Pennon Group to a “neutral” rating and boosted their price target for the company from GBX 539 to GBX 542 in a report on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 604.

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.