Pennon Group Plc (LON:PNN) Insider Paul Boote Purchases 16 Shares

Pennon Group Plc (LON:PNNGet Rating) insider Paul Boote purchased 16 shares of the stock in a transaction on Monday, November 21st. The shares were acquired at an average cost of GBX 956 ($11.30) per share, with a total value of £152.96 ($180.87).

Pennon Group Stock Down 0.4 %

Shares of LON:PNN opened at GBX 964 ($11.40) on Wednesday. Pennon Group Plc has a 1 year low of GBX 735 ($8.69) and a 1 year high of GBX 1,250 ($14.78). The business has a 50 day simple moving average of GBX 852.67 and a two-hundred day simple moving average of GBX 950.71. The firm has a market capitalization of £2.52 billion and a PE ratio of 19,280.00. The company has a debt-to-equity ratio of 251.21, a current ratio of 1.94 and a quick ratio of 1.50.

Analysts Set New Price Targets

A number of research firms recently weighed in on PNN. Royal Bank of Canada reduced their price objective on Pennon Group from GBX 1,050 ($12.42) to GBX 975 ($11.53) and set an “outperform” rating for the company in a research report on Tuesday, October 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Pennon Group from GBX 1,100 ($13.01) to GBX 880 ($10.41) and set a “hold” rating for the company in a report on Wednesday, October 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,100.83 ($13.02).

About Pennon Group

(Get Rating)

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.

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