Pennon Group Plc (OTCMKTS:PEGRF) Receives Average Rating of “Moderate Buy” from Analysts

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

PEGRF has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on shares of Pennon Group in a research report on Monday, June 29th. They set an “outperform” rating for the company. Royal Bank Of Canada lowered shares of Pennon Group from an “outperform” rating to a “sector perform” rating in a report on Friday. Finally, Morgan Stanley restated an “overweight” rating on shares of Pennon Group in a research report on Wednesday, June 24th.

Pennon Group Price Performance

Shares of OTCMKTS PEGRF opened at $5.75 on Friday. The business has a 50-day moving average of $6.27 and a 200-day moving average of $6.55. Pennon Group has a 12 month low of $5.75 and a 12 month high of $7.86.

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.