United Utilities Group (OTCMKTS:UUGRY) Sees Large Volume Increase – Should You Buy?

Shares of United Utilities Group PLC (OTCMKTS:UUGRY) saw unusually-high trading volume on Friday. Approximately 59,889 shares were traded during trading, an increase of 99% from the previous session’s volume of 30,115 shares. The stock last traded at $37.64 and had previously closed at $36.98.

Analyst Ratings Changes

A number of brokerages recently weighed in on UUGRY. BNP Paribas Exane began coverage on United Utilities Group in a report on Monday, June 29th. They set an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of United Utilities Group in a research note on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

United Utilities Group Stock Performance

The business has a 50 day moving average price of $37.53 and a two-hundred day moving average price of $36.46.

About United Utilities Group

United Utilities Group plc is a regulated water and wastewater company serving customers across the North West of England. Through its operating subsidiary, United Utilities Water Limited, the company manages the collection, treatment and supply of drinking water, as well as the collection, treatment and disposal of wastewater.

The company operates an extensive network of reservoirs, treatment works, pumping stations, water mains and sewers. Its activities also include maintaining and upgrading water and wastewater infrastructure, improving environmental performance, managing water resources and supporting customer services for households and businesses.

United Utilities was formed in 1995 through the merger of North West Water and NORWEB.