Pennon Group operates and invests primarily in the areas of water and sewerage services and waste management. Their principal subsidiary, SouthWest Water , holds the water and sewerage appointments for Devon, Cornwall and parts of Somerset and Dorset. Viridor Waste operates a waste treatment and disposal businesses in the United Kingdom. Among its top holders we can find the most important Swiss private banker Pictet & Cie.

The group enjoys upward revisions in earnings per share and growth prospects. Indeed, the Thomson Reuters consensus expects sales to grow for the fiscal year at 1233.1 M GBP against 1159.2 M GBP for the previous year.

Pennon Group is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. It could be interesting for the coming sessions.

The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Pennon Group . The objective will be set at GBp 796. The stop loss will be triggered below the GBp 754 support.