Pennon Group Plc (OTCMKTS:PEGRF) Stock Rated “Moderate Buy” by Sell-Side Analysts

Pennon Group Plc (OTCMKTS:PEGRF) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of equities research analysts have recently issued reports on PEGRF shares. 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. Morgan Stanley reaffirmed an “overweight” rating on shares of Pennon Group in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada lowered shares of Pennon Group from an “outperform” rating to a “sector perform” rating in a report on Friday.

Pennon Group Stock Performance

OTCMKTS:PEGRF opened at $5.75 on Friday. Pennon Group has a 52-week low of $5.75 and a 52-week high of $7.86. The business’s fifty day moving average is $6.27 and its 200 day moving average is $6.55.

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.