Pennon Group (LON:PNN) Insider Laura Flowerdew Sells 1,119 Shares of Stock

Pennon Group Plc (LON:PNN) insider Laura Flowerdew sold 1,119 shares of Pennon Group stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of GBX 493, for a total transaction of £5,516.67.

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

• On Friday, June 19th, Laura Flowerdew bought 32 shares of Pennon Group stock. The shares were bought at an average cost 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 stock was purchased at an average price of GBX 508 per share, for a total transaction of £152.40.

Pennon Group Stock Down 0.6%

Shares of PNN opened at GBX 487.40 on Tuesday. The company has a debt-to-equity ratio of 347.81, a quick ratio of 1.53 and a current ratio of 1.51. Pennon Group Plc has a one year low of GBX 439.40 and a one year high of GBX 605. The stock has a market capitalization of £2.30 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 8.20 and a beta of 0.56. The stock has a 50 day moving average price of GBX 492.55 and a 200 day moving average price of GBX 529.02.

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

Analyst Ratings Changes

PNN has been the subject of several research reports. UBS Group reaffirmed a “buy” rating and set a GBX 650 price objective on shares of Pennon Group in a research note on Friday, June 5th. JPMorgan Chase & Co. boosted their target price on Pennon Group from GBX 565 to GBX 615 and gave the stock a “neutral” rating in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft dropped their price target on 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 objective on Pennon Group from GBX 6,560 to GBX 5,520 and set a “buy” rating on the stock in a research note on Thursday, June 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 590 target price on shares of Pennon Group in a research note on Thursday, June 11th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.