Pennon Group (OTCMKTS:PEGRF) Stock Price Down 12.7% – Here’s Why

Shares of Pennon Group Plc (OTCMKTS:PEGRFGet Free Report) fell 12.7% during trading on Friday . The stock traded as low as $6.45 and last traded at $6.45. 228 shares changed hands during trading, a decline of 89% from the average session volume of 2,037 shares. The stock had previously closed at $7.39.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of Pennon Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Get Our Latest Report on PEGRF

Pennon Group Stock Performance

The company’s 50 day moving average price is $6.98 and its two-hundred day moving average price is $6.75.

About Pennon Group

(Get Free Report)

Pennon Group Plc provides clean water and wastewater services in the United Kingdom. It provides water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; water-only services in the areas of Dorset, Hampshire, and Wiltshire; and water and wastewater retail services to non-household customers in Great Britain.

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