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Pennon Group plc ( (GB:PNN) ) has shared an announcement.
Pennon Group plc announced transactions involving its Group Chief Executive Officer, Susan Jane Davy, and Group Chief Financial Officer, Laura Flowerdew, who both purchased shares to be included in the company’s Share Incentive Plan. These transactions, conducted on the London Stock Exchange, reflect the executives’ commitment to the company’s growth and alignment with shareholder interests.
The most recent analyst rating on (GB:PNN) stock is a Hold with a £490.00 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.
The overall stock score of 58 reflects a mixed outlook. The company’s financial performance is challenged by declining profitability and increasing leverage, while technical indicators suggest a bearish trend. Valuation is difficult due to negative earnings, though the high dividend yield is a positive. The earnings call provided some optimism with strategic growth and investments, but operational challenges persist.
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. It is a significant player in the UK market, providing essential services to millions of customers.
Average Trading Volume: 1,065,168
Technical Sentiment Signal: Sell
Current Market Cap: £2.15B
For a thorough assessment of PNN stock, go to TipRanks’ Stock Analysis page.