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Pennon Group plc ( (GB:PNN) ) has provided an announcement.
Pennon Group plc announced a transaction involving Andrea Blance, a Non-Executive Director, who purchased 2,000 ordinary shares at a price of £4.93 each. This transaction, conducted on the London Stock Exchange, reflects the company’s adherence to the EU Market Abuse Regulation and indicates confidence in the company’s future prospects.
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 utility sector, primarily focusing on water and wastewater services. The company is a significant player in the UK market, providing essential services to millions of customers.
Average Trading Volume: 1,194,752
Technical Sentiment Signal: Hold
Current Market Cap: £2.34B
For a thorough assessment of PNN stock, go to TipRanks’ Stock Analysis page.