Pennon Group (OTCMKTS:PEGRY) Shares Gap Down – Here’s What Happened

Pennon Group Plc (OTCMKTS:PEGRY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $13.09, but opened at $12.32. Pennon Group shares last traded at $12.36, with a volume of 11,446 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Pennon Group to a “hold” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Pennon Group Stock Performance

The business’s fifty day simple moving average is $13.08 and its 200-day simple moving average is $14.15. The firm has a market capitalization of $2.93 billion and a PE ratio of 22.31.

Pennon Group Company Profile

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.