United Utilities Group (LON:UU) Share Price Crosses Above 200 Day Moving Average – What’s Next?

United Utilities Group PLC (LON:UU) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 1,353.19 and traded as high as GBX 1,397. United Utilities Group shares last traded at GBX 1,397, with a volume of 1,046,107 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UU. 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 report on Monday, August 3rd. Citigroup reduced their price objective 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. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, United Utilities Group currently has a consensus rating of “Hold” and a consensus target price of GBX 1,419.17.

United Utilities Group Stock Performance

The company has a debt-to-equity ratio of 512.65, a current ratio of 2.55 and a quick ratio of 1.13. The business has a 50-day moving average of GBX 1,386.40 and a 200-day moving average of GBX 1,353.52. The company has a market capitalization of £9.49 billion, a P/E ratio of 74.76, a P/E/G ratio of 0.69 and a beta of 0.58.

Insider Activity

In other news, insider Phil Aspin sold 24,566 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of GBX 1,306, for a total value of £320,831.96. Company 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.