United Utilities Group (OTCMKTS:UUGRY) Shares Up 2% – Here’s What Happened

United Utilities Group PLC (OTCMKTS:UUGRY) rose 2% on Wednesday . The company traded as high as $37.22 and last traded at $36.79. Approximately 38,361 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 25,386 shares. The stock had previously closed at $36.07.

Analysts Set New Price Targets

UUGRY has been the subject of a number of recent analyst reports. Kepler Capital Markets lowered shares of United Utilities Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Zacks Research lowered shares of United Utilities Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

United Utilities Group Stock Up 2.0%

The company has a debt-to-equity ratio of 5.50, a current ratio of 2.22 and a quick ratio of 2.21. The business’s 50-day simple moving average is $35.65 and its 200 day simple moving average is $33.22.

United Utilities Group Company Profile

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.