United Utilities Group (LON:UU) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of United Utilities Group PLC (LON:UU) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,305.81 and traded as high as GBX 1,353. United Utilities Group shares last traded at GBX 1,341, with a volume of 2,526,585 shares traded.

Wall Street Analyst Weigh In

UU has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of United Utilities Group from GBX 1,450 to GBX 1,550 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,320 price objective on shares of United Utilities Group in a research note on Thursday, April 30th. Royal Bank Of Canada raised United Utilities Group to a “sector perform” rating and increased their target price for the company from GBX 1,450 to GBX 1,550 in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their target price on United Utilities Group from GBX 1,300 to GBX 1,450 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Citigroup lowered their price target on United Utilities Group from £152.50 to GBX 1,340 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,431.43.

United Utilities Group Price Performance

The stock’s 50-day moving average price is GBX 1,334.16 and its 200 day moving average price is GBX 1,305.81. The company has a quick ratio of 1.13, a current ratio of 2.55 and a debt-to-equity ratio of 512.65. The firm has a market capitalization of £9.14 billion, a price-to-earnings ratio of 72.06, a PEG ratio of 0.69 and a beta of 0.58.

United Utilities Group (LON:UU) last posted its quarterly earnings results on Thursday, April 30th. The company reported GBX 107.10 earnings per share for the quarter. The firm had revenue of GBX 261.63 billion for the quarter. United Utilities Group had a net margin of 22.43% and a return on equity of 27.72%. Equities research analysts expect that United Utilities Group PLC will post 50.9730539 earnings per share for the current fiscal year.

Insider Buying and Selling at United Utilities Group

In other news, insider Phil Aspin sold 24,566 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of GBX 1,306, for a total transaction of £320,831.96. 0.05% of the stock is currently owned by corporate insiders.

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. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.