Pennon Group (OTCMKTS:PEGRF) Stock Price Down 3.1% – What’s Next?

Shares of Pennon Group Plc (OTCMKTS:PEGRFGet Free Report) were down 3.1% during mid-day trading on Monday . The stock traded as low as $6.10 and last traded at $6.10. 588 shares were traded during trading, a decline of 67% from the average daily volume of 1,785 shares. The stock had previously closed at $6.2950.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Pennon Group in a research report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on Pennon Group

Pennon Group Trading Down 3.1%

The firm’s fifty day moving average is $7.05 and its 200-day moving average is $7.17.

About Pennon Group

(Get Free Report)

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.

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