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Pennon Group plc ( (GB:PNN) ) just unveiled an update.
Pennon Group plc has announced a transaction involving its Chair, David Sproul, who has purchased 4,635 ordinary shares at a price of £5.36 each. This transaction, conducted on the London Stock Exchange, is part of the company’s compliance with the EU Market Abuse Regulation, highlighting transparency in managerial dealings.
The most recent analyst rating on (GB:PNN) stock is a Hold with a £586.00 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’s overall stock score reflects a mix of strengths and challenges. The most significant factor is the company’s financial performance, which shows revenue growth but also highlights profitability and leverage concerns. Technical analysis indicates positive momentum, while the high P/E ratio suggests potential overvaluation. The earnings call and corporate events provide optimism with strong operational achievements and strategic initiatives.
To see Spark’s full report on GB:PNN stock, click here.
More about Pennon Group plc
Pennon Group plc is a UK-based company primarily operating in the water utility industry. The company focuses on providing water and wastewater services, serving a significant portion of the UK market.
Average Trading Volume: 1,017,529
Technical Sentiment Signal: Buy
Current Market Cap: £2.55B
Learn more about PNN stock on TipRanks’ Stock Analysis page.