UIL (LON:UTL) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

UIL Limited (LON:UTL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 149.64 and traded as high as GBX 166.20. UIL shares last traded at GBX 165.60, with a volume of 15,310 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of UIL in a research note on Wednesday, November 5th.

UIL Trading Down 0.8%

The stock has a market capitalization of £149.77 million, a P/E ratio of 14.81 and a beta of 0.80. The business has a 50-day moving average price of GBX 156.77 and a 200 day moving average price of GBX 149.64.

Insider Activity

In other news, insider Stuart J. Bridges acquired 8,835 shares of UIL stock in a transaction that occurred on Monday, January 5th. The stock was purchased at an average cost of GBX 156 per share, with a total value of £13,782.60. Also, insider David Shillson acquired 6,535 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was purchased at an average price of GBX 156 per share, for a total transaction of £10,194.60. Insiders have bought a total of 23,807 shares of company stock worth $3,713,892 over the last quarter. 1.72% of the stock is currently owned by corporate insiders.

UIL Company Profile

UIL Limited is focused on uncovering investments with underlying value.

UIL’s investment objective is to maximise shareholder returns by identifying and investing in investments worldwide where the underlying value is not fully recognised.

UIL Limited (formerly Utilico Investments Limited and Utilico Limited) is an exempted closed-end Bermuda incorporated investment company, established as a successor to Utilico Investment Trust plc.