Pennon Group (OTCMKTS:PEGRF) Trading 12.1% Higher – Still a Buy?

Pennon Group Plc (OTCMKTS:PEGRF)’s stock price was up 12.1% on Friday . The company traded as high as $6.50 and last traded at $6.50. Approximately 766 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 1,607 shares. The stock had previously closed at $5.80.

Analyst Ratings Changes

A number of research analysts have issued reports on PEGRF shares. Morgan Stanley reissued an “overweight” rating on shares of Pennon Group in a report on Wednesday, June 24th. BNP Paribas Exane started coverage on shares of Pennon Group in a report on Monday, June 29th. They issued an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Pennon Group in a research report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Pennon Group presently has a consensus rating of “Moderate Buy”.

Pennon Group Stock Up 12.1%

The firm has a fifty day moving average price of $6.35 and a 200 day moving average price of $6.99.

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.