David Sproul Buys 4,635 Shares of Pennon Group (LON:PNN) Stock

Pennon Group Plc (LON:PNN) insider David Sproul purchased 4,635 shares of Pennon Group stock in a transaction that occurred on Tuesday, December 9th. The shares were bought at an average cost of GBX 536 per share, for a total transaction of £24,843.60.

Pennon Group Stock Down 1.5%

Shares of PNN traded down GBX 8 during mid-day trading on Tuesday, reaching GBX 526.50. 63,424,113 shares of the stock traded hands, compared to its average volume of 4,209,963. The stock has a fifty day simple moving average of GBX 511.39 and a 200 day simple moving average of GBX 494.97. Pennon Group Plc has a 12-month low of GBX 383 and a 12-month high of GBX 624. The company has a quick ratio of 1.54, a current ratio of 0.97 and a debt-to-equity ratio of 341.72. The firm has a market cap of £2.48 billion, a price-to-earnings ratio of 109.69, a P/E/G ratio of 8.20 and a beta of 0.29.

Pennon Group (LON:PNN) last announced 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%. Sell-side analysts expect that Pennon Group Plc will post 1.0402417 EPS for the current fiscal year.

Analysts Set New Price Targets

PNN has been the subject of a number of recent analyst reports. Citigroup downgraded shares of Pennon Group to a “neutral” rating and raised their price target for the stock from GBX 539 to GBX 542 in a research report on Monday, November 3rd. Barclays restated an “overweight” rating and set a GBX 670 price objective on shares of Pennon Group in a research note on Thursday, October 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Pennon Group currently has an average rating of “Moderate Buy” and a consensus price target of GBX 606.

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.