Pennon Group (OTCMKTS:PEGRF) Shares Down 11.2% – What’s Next?

Pennon Group Plc (OTCMKTS:PEGRF)’s stock price fell 11.2% on Monday. The stock traded as low as $5.7480 and last traded at $5.7480. Approximately 107 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 1,285 shares. The stock had previously closed at $6.47.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PEGRF shares. Morgan Stanley restated an “overweight” rating on shares of Pennon Group in a research report on Wednesday, June 24th. BNP Paribas Exane started coverage on shares of Pennon Group in a research report on Monday, June 29th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Pennon Group in a research note on Monday, June 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Pennon Group Price Performance

The stock’s 50-day moving average is $6.35 and its 200 day moving average is $6.63.

Pennon Group Company Profile

Pennon Group plc is a United Kingdom-based water and wastewater services company. Through its regulated water businesses, the group provides drinking water, wastewater collection and treatment, sewerage, and related services to households, businesses, and other customers.

Pennon’s principal operating companies include South West Water, which serves Devon, Cornwall, the Isles of Scilly, and parts of Dorset, and Bournemouth Water, which supplies customers in parts of Dorset and Hampshire.