Pennon Group (OTCMKTS:PEGRY) Downgraded to Sector Perform at Royal Bank of Canada

Royal Bank of Canada downgraded shares of Pennon Group (OTCMKTS:PEGRY) from an outperform rating to a sector perform rating in a report published on Thursday morning, The Fly reports.

Several other research firms also recently commented on PEGRY. Citigroup raised shares of Pennon Group from a neutral rating to a buy rating in a research report on Monday, March 1st. Deutsche Bank Aktiengesellschaft reissued a buy rating on shares of Pennon Group in a research report on Friday, June 4th. Barclays raised shares of Pennon Group from an equal weight rating to an overweight rating in a research report on Monday, March 1st. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Pennon Group in a research report on Thursday, April 29th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold.

OTCMKTS:PEGRY opened at $31.95 on Thursday. The stock’s 50-day simple moving average is $29.52. Pennon Group has a one year low of $24.18 and a one year high of $32.81.

Pennon Group Company Profile

Pennon Group Plc engages in the environmental infrastructure businesses in the United Kingdom, rest of European Union, China, and internationally. The company's Water segment comprises the regulated water and wastewater services for customers in Cornwall, Devon, and parts of Dorset and Somerset; and water services in the areas of Dorset, Hampshire, and Wiltshire.

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