United Utilities Group (LON:UU) Shares Pass Above 200-Day Moving Average – Here’s What Happened

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 1,199.25 and traded as high as GBX 1,381.50. United Utilities Group shares last traded at GBX 1,381.50, with a volume of 1,764,350 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a GBX 1,275 price objective on shares of United Utilities Group in a report on Friday, November 7th. Citigroup increased their target price on shares of United Utilities Group from GBX 1,261 to GBX 1,327 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,379.

United Utilities Group Trading Up 0.8%

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 stock has a market cap of £9.54 billion, a P/E ratio of 75.19, a PEG ratio of 0.69 and a beta of 0.41. The firm’s fifty day moving average price is GBX 1,252.21 and its two-hundred day moving average price is GBX 1,199.69.

Insider Activity

In other United Utilities Group news, insider Marina Wyatt purchased 2,400 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was purchased at an average price of GBX 1,269 per share, for a total transaction of £30,456. Also, insider Phil Aspin sold 23,367 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of GBX 1,233, for a total value of £288,115.11. In the last ninety days, insiders acquired 2,426 shares of company stock worth $3,079,348. 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.