UIL (LON:UTL) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

UIL Limited (LON:UTL)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 148.28 and traded as high as GBX 165.25. UIL shares last traded at GBX 150, with a volume of 17,836 shares.

Analysts Set New Price Targets

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

UIL Stock Performance

The stock’s 50-day moving average price is GBX 156.88 and its 200-day moving average price is GBX 148.44. The company has a market cap of £144.70 million, a P/E ratio of 14.31 and a beta of 0.80.

Insider Buying and Selling

In related news, insider David Shillson purchased 6,535 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were bought at an average cost of GBX 156 per share, with a total value of £10,194.60. Also, insider Stuart J. Bridges bought 8,835 shares of the firm’s stock in a transaction 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. Over the last ninety days, insiders have bought 23,807 shares of company stock worth $3,713,892. 1.72% of the stock is owned by insiders.

About UIL

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.