Pennon Group Plc (OTCMKTS:PEGRF) Stock Rated “Moderate Buy” by Wall Street Brokerages

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

Several research firms have recently weighed in on PEGRF. Deutsche Bank Aktiengesellschaft lowered shares of Pennon Group from a “buy” rating to a “hold” rating in a research note on Friday, October 9th. Royal Bank Of Canada cut Pennon Group from an “outperform” rating to a “sector perform” rating in a research note on Friday, October 9th. Finally, Jefferies Financial Group raised shares of Pennon Group from a “hold” rating to a “buy” rating in a research report on Wednesday, October 14th.

Pennon Group Stock Performance

Shares of PEGRF stock opened at $4.08 on Tuesday. Pennon Group has a twelve month low of $3.54 and a twelve month high of $7.86. The stock’s fifty day simple moving average is $5.35 and its 200 day simple moving average is $6.48.

About Pennon Group

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.