Pennon Group (OTCMKTS:PEGRF) Shares Up 0.8% – Here’s What Happened

Pennon Group Plc (OTCMKTS:PEGRF) was up 0.8% during mid-day trading on Tuesday . The company traded as high as $5.31 and last traded at $5.31. Approximately 757 shares traded hands during trading, a decline of 88% from the average daily volume of 6,363 shares. The stock had previously closed at $5.27.

Wall Street Analysts Forecast Growth

PEGRF has been the subject of several recent analyst reports. Royal Bank of Canada upgraded shares of Pennon Group from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, February 4th. Citigroup raised shares of Pennon Group from a “neutral” rating to a “buy” rating in a research note on Monday.

Pennon Group Price Performance

The stock’s 50-day moving average price is $5.94 and its 200 day moving average price is $6.90.

Pennon Group Company Profile

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.