Pennon Group PLC traded at 488.40 this Friday May 15th, decreasing 45.10 or 8.45 percent since the previous trading session. Looking back, over the last four weeks, Pennon lost 9.81 percent. Over the last 12 months, its price fell by 1.49 percent. Looking ahead, we forecast Pennon Group PLC to be priced at 529.29 by the end of this quarter and at 502.60 in one year, according to Trading Economics global macro models projections and analysts expectations.
Pennon Group plc is an environmental infrastructure company. The Company operates through subsidiaries, which include South West Water Limited and Bournemouth Water Limited. South West Water Limited includes the integrated water companies of South West Water and Bournemouth Water, which provides water and wastewater services in Devon, Cornwall and parts of Dorset and Somerset and water-only services in parts of Dorset, Hampshire and Wiltshire. The Company also holds an interest in Pennon Water Services Limited, a company providing water and wastewater retail services to non-household customer accounts across Great Britain.