Macquarie Begins Coverage on Pennon Group (OTCMKTS:PEGRF)

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Macquarie began coverage on shares of Pennon Group (OTCMKTS:PEGRF) in a report released on Monday, June 17th, The Fly reports. The brokerage issued an outperform rating on the stock.

Separately, JPMorgan Chase & Co. cut Pennon Group from an overweight rating to a neutral rating in a report on Tuesday, April 9th.

Shares of OTCMKTS:PEGRF remained flat at $$9.50 during midday trading on Monday. Pennon Group has a fifty-two week low of $8.61 and a fifty-two week high of $10.40. The business has a 50-day simple moving average of $9.34.

About Pennon Group

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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