Pennon Group (OTCMKTS:PEGRF) Stock Price Down 3.7% – Time to Sell?

Pennon Group Plc (OTCMKTS:PEGRF) shares were down 3.7% during trading on Tuesday . The company traded as low as $7.19 and last traded at $7.19. Approximately 746 shares traded hands during trading, a decline of 64% from the average daily volume of 2,075 shares. The stock had previously closed at $7.47.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Jefferies Financial Group lowered Pennon Group to a “hold” rating in a research note on Friday, January 23rd. Citigroup upgraded shares of Pennon Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 20th. Finally, Morgan Stanley upgraded shares of Pennon Group from an “equal weight” rating to an “overweight” rating in a research report on Friday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Pennon Group has an average rating of “Moderate Buy”.

Pennon Group Stock Down 3.7%

The company has a fifty day moving average price of $7.10 and a 200 day moving average price of $6.82.

About Pennon Group

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.