HSBC Upgrades Pennon Group (OTCMKTS:PEGRY) to Buy

Pennon Group (OTCMKTS:PEGRYGet Rating) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a report released on Tuesday, The Fly reports.

Separately, Credit Suisse Group lowered their price objective on shares of Pennon Group from GBX 1,020 ($13.00) to GBX 990 ($12.62) in a research note on Tuesday, April 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $990.00.

PEGRY opened at $27.53 on Tuesday. Pennon Group has a twelve month low of $26.39 and a twelve month high of $52.38. The business’s 50 day moving average is $28.04 and its 200-day moving average is $30.17.

About Pennon Group (Get Rating)

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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Analyst Recommendations for Pennon Group (OTCMKTS:PEGRY)

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