UIL (LON:UTL) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of UIL Limited (LON:UTL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 135.24 and traded as high as GBX 180.02. UIL shares last traded at GBX 180, with a volume of 174,377 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of UIL in a research note on Wednesday, November 5th.

UIL Stock Performance

The stock has a market cap of £166.28 million, a PE ratio of 16.10 and a beta of 0.80. The stock has a 50 day moving average of GBX 156.35 and a two-hundred day moving average of GBX 135.35.

UIL (LON:UTL) last released its earnings results on Tuesday, September 30th. The company reported GBX 11.91 earnings per share for the quarter. UIL had a net margin of 156.15% and a negative return on equity of 16.21%.

Insider Activity

In other UIL news, insider David Shillson purchased 7,165 shares of the stock in a transaction dated Wednesday, October 1st. The shares were acquired at an average price of GBX 142 per share, for a total transaction of £10,174.30. Also, insider Stuart J. Bridges purchased 9,688 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were acquired at an average cost of GBX 142 per share, for a total transaction of £13,756.96. In the last quarter, insiders have bought 33,269 shares of company stock valued at $4,724,198. 1.66% of the stock is currently owned by company 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.