United Utilities Group (LON:UU) Stock Price Passes Above 200-Day Moving Average – Here’s Why

United Utilities Group PLC (LON:UU) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,147.49 and traded as high as GBX 1,176. United Utilities Group shares last traded at GBX 1,160, with a volume of 1,670,794 shares traded.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group reaffirmed a “neutral” rating and issued a GBX 1,275 price target on shares of United Utilities Group in a research note on Friday, November 7th. Citigroup lifted 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 note on Monday, November 3rd. Finally, Barclays raised shares of United Utilities Group to an “overweight” rating and increased their price target for the company from GBX 1,280 to GBX 1,535 in a research report on Wednesday, August 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,379.

United Utilities Group Stock Up 0.9%

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 capitalization of £8.02 billion, a PE ratio of 63.21, a PEG ratio of 0.69 and a beta of 0.41. The company has a 50 day moving average price of GBX 1,174.57 and a 200-day moving average price of GBX 1,147.49.

United Utilities Group (LON:UU) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX 52.80 EPS for the quarter. United Utilities Group had a return on equity of 6.35% and a net margin of 6.51%. As a group, analysts forecast that United Utilities Group PLC will post 50.9730539 earnings per share for the current fiscal year.

United Utilities Group Company Profile

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.