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

United Utilities Group PLC (LON:UU) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,350.86 and traded as high as GBX 1,438. United Utilities Group shares last traded at GBX 1,419, with a volume of 1,574,294 shares trading hands.

Analysts Set New Price Targets

UU has been the subject of several analyst reports. Jefferies Financial Group increased their price target on shares of United Utilities Group from GBX 1,320 to GBX 1,350 and gave the company a “hold” rating in a research report on Monday, August 3rd. Royal Bank Of Canada raised shares of United Utilities Group to a “sector perform” rating and lifted their price objective for the stock from GBX 1,450 to GBX 1,550 in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of United Utilities Group from GBX 1,450 to GBX 1,550 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Citigroup reduced 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 report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, United Utilities Group has an average rating of “Hold” and a consensus target price of GBX 1,419.17.

United Utilities Group Stock Up 0.8%

The business’s 50 day moving average is GBX 1,372 and its 200 day moving average is GBX 1,350.86. The company has a market capitalization of £9.80 billion, a price-to-earnings ratio of 77.24, a PEG ratio of 0.69 and a beta of 0.58. The company has a debt-to-equity ratio of 512.65, a quick ratio of 1.13 and a current ratio of 2.55.

Insider Activity

In other United Utilities Group news, insider Phil Aspin sold 24,566 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of GBX 1,306, for a total value of £320,831.96. Corporate insiders own 0.05% of the company’s stock.

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.