Pennon Group (OTCMKTS:PEGRY) Sees Unusually-High Trading Volume – Time to Buy?

Pennon Group Plc (OTCMKTS:PEGRY) shares saw an uptick in trading volume on Monday . 15,753 shares were traded during trading, an increase of 2% from the previous session’s volume of 15,513 shares.The stock last traded at $12.95 and had previously closed at $12.70.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Pennon Group to a “hold” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Pennon Group Trading Up 1.9%

The business has a fifty day simple moving average of $13.34 and a two-hundred day simple moving average of $14.23. The company has a market cap of $3.05 billion and a PE ratio of 22.31.

About Pennon Group

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.