United Utilities Group (OTCMKTS:UUGRY) Sees Large Volume Increase – Time to Buy?

Shares of United Utilities Group PLC (OTCMKTS:UUGRY) saw unusually-high trading volume on Tuesday . Approximately 57,868 shares changed hands during trading, an increase of 107% from the previous session’s volume of 28,023 shares.The stock last traded at $36.85 and had previously closed at $36.27.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BNP Paribas Exane began coverage on United Utilities Group in a research note on Monday, June 29th. They issued an “outperform” rating on the stock. Citigroup lowered United Utilities Group from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. Royal Bank Of Canada reiterated a “sector perform” rating on shares of United Utilities Group in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of United Utilities Group in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

United Utilities Group Price Performance

The company’s 50-day moving average price is $35.62 and its 200 day moving average price is $35.56.

About United Utilities Group

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.