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Pennon Group plc ( (GB:PNN) ) just unveiled an update.
Pennon Group plc announced a transaction involving its Group Chief Executive Officer, Susan Jane Davy, who sold shares to cover tax and national insurance liabilities. This transaction follows the vesting of shares under the company’s 2022 Annual Incentive Bonus Plan, marking a significant financial move for the executive and reflecting the company’s ongoing financial management strategies.
The most recent analyst rating on (GB:PNN) stock is a Buy with a £7.40 price target. To see the full list of analyst forecasts on Pennon Group plc stock, see the GB:PNN Stock Forecast page.
Spark’s Take on GB:PNN Stock
According to Spark, TipRanks’ AI Analyst, GB:PNN is a Neutral.
Pennon Group plc scores moderately due to robust technical trends and strategic corporate actions, despite facing financial performance challenges and valuation concerns. The promising future outlook, driven by strategic investments and management’s alignment with shareholder interests, adds potential upside.
To see Spark’s full report on GB:PNN stock, click here.
More about Pennon Group plc
Pennon Group plc operates in the utilities sector, primarily focusing on water and wastewater services in the UK. The company is known for its commitment to sustainability and providing essential services to communities.
Average Trading Volume: 1,194,752
Technical Sentiment Signal: Hold
Current Market Cap: £2.34B
For detailed information about PNN stock, go to TipRanks’ Stock Analysis page.