Pennon Group (OTCMKTS:PEGRY) Sees Strong Trading Volume – Here’s What Happened

Shares of Pennon Group Plc (OTCMKTS:PEGRY) saw an uptick in trading volume on Tuesday . Approximately 207,271 shares changed hands during mid-day trading, an increase of 1,067% from the previous session’s volume of 17,767 shares.The stock last traded at $12.53 and had previously closed at $12.17.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Pennon Group to a “hold” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Pennon Group Stock Up 2.6%

The firm has a market cap of $2.95 billion and a P/E ratio of 22.31. The stock’s 50-day moving average is $13.05 and its 200-day moving average is $14.14.

Pennon Group Company Profile

Pennon Group (OTCMKTS:PEGRY) is a UK?based utilities and environmental services company that operates through two main businesses: South West Water and Viridor. The group provides water supply, wastewater treatment and collection services to residential, commercial and industrial customers in the South West of England. Its water division serves regional communities with drinking water production, network maintenance and sewage treatment, while ensuring compliance with regulatory standards for water quality and environmental protection.

South West Water, Pennon’s core water operations arm, manages water resources and distribution infrastructure across Cornwall, Devon and parts of Dorset and Somerset.