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An update from Pennon Group plc ( (GB:PNN) ) is now available.
Pennon Group plc announced that its Group Chief Executive Officer, Susan Jane Davy, and Group Chief Financial Officer, Laura Flowerdew, have both purchased ordinary shares as part of the company’s Share Incentive Plan. This transaction, conducted on the London Stock Exchange, reflects a strategic move to align the interests of the company’s leadership with those of its shareholders, potentially strengthening stakeholder confidence.
The most recent analyst rating on (GB:PNN) stock is a Buy with a £6.70 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’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 profitability and leverage concerns. Technical analysis indicates bearish momentum, while the valuation is mixed with a negative P/E ratio but a high dividend yield. The earnings call provides a positive outlook with strategic growth and a focus on returning to profitability, which helps offset some of the financial and technical challenges.
To see Spark’s full report on GB:PNN stock, click here.
More about Pennon Group plc
Pennon Group plc operates within the utility industry, primarily focusing on water and wastewater services. The company is known for its significant presence in the UK market, providing essential services to millions of customers.
Average Trading Volume: 1,120,347
Technical Sentiment Signal: Hold
Current Market Cap: £2.23B
Learn more about PNN stock on TipRanks’ Stock Analysis page.