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

Pennon Group Plc (OTCMKTS:PEGRF) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company.

A number of brokerages have commented on PEGRF. Deutsche Bank Aktiengesellschaft downgraded shares of Pennon Group from a “buy” rating to a “hold” rating in a research report on Friday, October 9th. Jefferies Financial Group upgraded shares of Pennon Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada lowered Pennon Group from an “outperform” rating to a “sector perform” rating in a report on Friday, October 9th.

Pennon Group Price Performance

Shares of OTCMKTS PEGRF opened at $4.08 on Tuesday. Pennon Group has a twelve month low of $3.54 and a twelve month high of $7.86. The stock has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $6.47.

About Pennon Group

Pennon Group plc is a United Kingdom-based water and wastewater services company. Through its water businesses, including South West Water, Bournemouth Water and Bristol Water, the group supplies drinking water and provides wastewater collection, treatment and related services to households, businesses and other customers.

The company serves communities across the South West of England, including Cornwall, Devon, the Isles of Scilly, parts of Dorset and the Bristol area. Its activities include operating and maintaining water-treatment facilities, sewerage networks, reservoirs and other essential infrastructure, as well as supporting environmental protection and water-resource management.

Pennon developed from South West Water and historically operated through a broader portfolio that included Viridor, an environmental services business.