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

by · The Markets Daily

United Utilities Group PLC (LON:UU – Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,164.89 and traded as high as GBX 1,198.50. United Utilities Group shares last traded at GBX 1,198.50, with a volume of 1,289,114 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Citigroup boosted their target price on United Utilities Group from GBX 1,261 to GBX 1,327 and gave the company a “buy” rating in a report on Monday, November 3rd. UBS Group reissued a “neutral” rating and issued a GBX 1,275 price objective on shares of United Utilities Group in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,379.

Read Our Latest Research Report on UU

United Utilities Group Trading Up 0.5%

The company has a debt-to-equity ratio of 551.89, a current ratio of 1.79 and a quick ratio of 1.13. The firm has a market capitalization of £8.39 billion, a PE ratio of 66.12, a price-to-earnings-growth ratio of 0.69 and a beta of 0.41. The company has a fifty day moving average of GBX 1,200.27 and a 200-day moving average of GBX 1,165.59.

United Utilities Group (LON:UU – Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX 52.80 earnings per share (EPS) for the quarter. United Utilities Group had a net margin of 6.51% and a return on equity of 6.35%. On average, sell-side analysts anticipate that United Utilities Group PLC will post 50.9730539 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Phil Aspin sold 23,367 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of GBX 1,233, for a total transaction of £288,115.11. Corporate insiders own 0.05% of the company’s stock.

United Utilities Group Company Profile

(Get Free Report)

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.

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