United Utilities Group (LON:UU) Stock Passes Above 200-Day Moving Average – Here’s Why

United Utilities Group PLC (LON:UU) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,128.75 ($15.09) and traded as high as GBX 1,193 ($15.95). United Utilities Group shares last traded at GBX 1,182.50 ($15.81), with a volume of 1,752,796 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded United Utilities Group to an “overweight” rating and upped their price objective for the stock from GBX 1,280 to GBX 1,535 in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, United Utilities Group presently has a consensus rating of “Buy” and an average target price of GBX 1,535.

United Utilities Group Trading Up 1.1%

The firm has a market capitalization of £8.19 billion, a price-to-earnings ratio of 64.53, a P/E/G ratio of 0.69 and a beta of 0.41. The company has a debt-to-equity ratio of 551.89, a quick ratio of 1.13 and a current ratio of 1.79. The business has a fifty day moving average price of GBX 1,144.50 and a 200 day moving average price of GBX 1,128.75.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes.