Pennon Group (OTCMKTS:PEGRF) Trading Down 3.1% – Here’s What Happened

Pennon Group Plc (OTCMKTS:PEGRF)’s stock price was down 3.1% during trading on Monday . The stock traded as low as $6.10 and last traded at $6.10. Approximately 588 shares traded hands during trading, a decline of 67% from the average daily volume of 1,785 shares. The stock had previously closed at $6.2950.

Analyst Upgrades and Downgrades

PEGRF has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Pennon Group in a research report on Monday, June 8th. Morgan Stanley reissued an “overweight” rating on shares of Pennon Group in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Pennon Group presently has an average rating of “Moderate Buy”.

Pennon Group Stock Up 4.5%

The stock’s 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $7.16.

About Pennon Group

Pennon Group plc is a UK‐based infrastructure and environmental services company, best known for its water and wastewater operations in the south‐west of England and its waste management and recycling businesses across the United Kingdom. Through its regulated water utility subsidiary, South West Water, Pennon provides drinking water supply, sewage collection and treatment, and sewerage services to residential, industrial and commercial customers in Cornwall, Devon and parts of Dorset and Somerset.