Pennon Group Plc (PEGRF) – What Are Investment Firms Saying About This Stock?

Shares of Pennon Group Plc (OTCMKTS:PEGRF) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Pennon Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft lowered shares of Pennon Group from a “buy” rating to a “hold” rating in a report on Friday, October 9th. Finally, Royal Bank Of Canada cut shares of Pennon Group from an “outperform” rating to a “sector perform” rating in a research report on Friday, October 9th.

Pennon Group Price Performance

PEGRF stock opened at $4.08 on Tuesday. Pennon Group has a one year low of $3.54 and a one year high of $7.86. The company’s 50 day moving average price is $5.53 and its two-hundred day moving average price is $6.55.

Pennon Group Company Profile

Pennon Group plc is a United Kingdom-based water and wastewater services company. Through its water businesses, including South West Water, Bournemouth Water and Bristol Water, the group supplies drinking water and provides wastewater collection, treatment and related services to households, businesses and other customers.

The company serves communities across the South West of England, including Cornwall, Devon, the Isles of Scilly, parts of Dorset and the Bristol area. Its activities include operating and maintaining water-treatment facilities, sewerage networks, reservoirs and other essential infrastructure, as well as supporting environmental protection and water-resource management.

Pennon developed from South West Water and historically operated through a broader portfolio that included Viridor, an environmental services business.