United Utilities Group (LON:UU) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

United Utilities Group PLC (LON:UU) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,190.45 and traded as high as GBX 1,372.50. United Utilities Group shares last traded at GBX 1,350, with a volume of 2,338,859 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group reiterated a “neutral” rating and issued a GBX 1,275 price target on shares of United Utilities Group in a report on Friday, November 7th. Citigroup upped their target price on United Utilities Group from GBX 1,261 to GBX 1,327 and gave the company a “buy” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, United Utilities Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,379.

United Utilities Group Price Performance

The company has a market capitalization of £9.15 billion, a PE ratio of 72.09, a PEG ratio of 0.69 and a beta of 0.41. The company has a current ratio of 1.79, a quick ratio of 1.13 and a debt-to-equity ratio of 551.89. The company’s 50 day moving average price is GBX 1,231.01 and its 200-day moving average price is GBX 1,190.45.

Insider Transactions at United Utilities Group

In other news, 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 transaction of £288,115.11. Also, insider Marina Wyatt bought 2,400 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average cost of GBX 1,269 per share, with a total value of £30,456. In the last three months, insiders have acquired 2,426 shares of company stock valued at $3,079,348. 0.05% of the stock is owned by company insiders.

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.