United Utilities Group (OTCMKTS:UUGRY) Sees Strong Trading Volume – Time to Buy?

United Utilities Group PLC (OTCMKTS:UUGRYGet Free Report) shares saw an uptick in trading volume on Thursday . 18,312 shares traded hands during mid-day trading, a decline of 40% from the previous session’s volume of 30,361 shares.The stock last traded at $38.40 and had previously closed at $39.13.

Analysts Set New Price Targets

Several equities analysts recently commented on UUGRY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of United Utilities Group in a research report on Monday, June 8th. BNP Paribas Exane started coverage on United Utilities Group in a research report on Monday, June 29th. They issued an “outperform” rating on the stock. Royal Bank Of Canada reiterated a “sector perform” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. Finally, Citigroup cut United Utilities Group from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Get Our Latest Stock Report on UUGRY

United Utilities Group Stock Down 1.3%

The business’s 50 day moving average price is $36.79 and its 200-day moving average price is $36.32.

United Utilities Group Company Profile

(Get Free Report)

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.

Further Reading

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