Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut shares of Pennon Group (OTCMKTS:PEGRY) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, Stock Target Advisor reports.
Several other analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a buy rating on shares of Pennon Group in a report on Friday, June 4th. JPMorgan Chase & Co. reissued a neutral rating on shares of Pennon Group in a report on Thursday, April 29th. Royal Bank of Canada downgraded shares of Pennon Group from an outperform rating to a sector perform rating in a report on Thursday. Citigroup downgraded shares of Pennon Group from a buy rating to a neutral rating in a report on Thursday. Finally, Barclays raised shares of Pennon Group from an equal weight rating to an overweight rating in a report on Monday, March 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold.
Shares of OTCMKTS:PEGRY opened at $31.95 on Thursday. The company has a 50-day moving average price of $29.52. Pennon Group has a fifty-two week low of $24.18 and a fifty-two week high of $32.81.
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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