Pennon Group (OTCMKTS:PEGRY) Upgraded at Credit Suisse Group

Credit Suisse Group upgraded shares of Pennon Group (OTCMKTS:PEGRYGet Rating) from an underperform rating to a neutral rating in a report published on Tuesday, The Fly reports.

A number of other brokerages also recently issued reports on PEGRY. Deutsche Bank Aktiengesellschaft reduced their price target on Pennon Group from GBX 1,120 ($13.53) to GBX 1,100 ($13.29) in a research report on Monday, June 6th. JPMorgan Chase & Co. cut their target price on Pennon Group from GBX 1,200 ($14.50) to GBX 1,070 ($12.93) in a research note on Tuesday, June 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Pennon Group currently has an average rating of Hold and a consensus price target of $1,053.33.

Pennon Group Price Performance

Shares of OTCMKTS:PEGRY opened at $19.60 on Tuesday. Pennon Group has a 1 year low of $19.60 and a 1 year high of $34.28. The business’s 50 day simple moving average is $23.64 and its 200 day simple moving average is $25.58.

Pennon Group Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, July 22nd were paid a dividend of $0.6003 per share. The ex-dividend date of this dividend was Thursday, July 21st. This is a boost from Pennon Group’s previous dividend of $0.27. This represents a yield of 3.66%.

Pennon Group Company Profile

(Get Rating)

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.

Further Reading

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Analyst Recommendations for Pennon Group (OTCMKTS:PEGRY)

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