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

Pennon Group Plc (OTCMKTS:PEGRF) has received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company.

Several brokerages recently issued reports on PEGRF. BNP Paribas Exane initiated coverage on Pennon Group in a research note on Monday, June 29th. They set an “outperform” rating on the stock. Jefferies Financial Group raised shares of Pennon Group from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Pennon Group in a research note on Wednesday, June 24th. Royal Bank Of Canada cut shares of Pennon Group from an “outperform” rating to a “sector perform” rating in a report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Pennon Group from a “buy” rating to a “hold” rating in a research report on Friday, October 9th.

Pennon Group Trading Up 2.6%

Shares of OTCMKTS PEGRF opened at $4.08 on Friday. Pennon Group has a twelve month low of $3.54 and a twelve month high of $7.86. The business has a 50 day simple moving average of $6.06 and a 200-day simple moving average of $6.46.

Pennon Group Company Profile

Pennon Group plc is a United Kingdom-based water and environmental infrastructure company. Its principal business is the provision of regulated drinking water and wastewater services through its water subsidiaries, serving households, businesses and other customers in southwest England.

The group’s main operating company, South West Water, supplies drinking water and provides wastewater collection and treatment services across Devon, Cornwall, the Isles of Scilly, parts of Dorset and Somerset, and related areas.