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United Utilities Group (LON:UU) Share Price Passes Above 200-Day Moving Average - Here's What Happened

United Utilities Group logo with Utilities background
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Key Points

  • United Utilities shares rose above their 200-day moving average, reaching GBX 1,438 before last trading at GBX 1,419, up 0.8% with more than 1.57 million shares traded.
  • Analyst sentiment remains cautious: the stock carries a consensus “Hold” rating from MarketBeat, with one Buy and five Hold ratings, and a consensus target price of GBX 1,419.17.
  • Insider Phil Aspin sold 24,566 shares for approximately £320,832; company insiders currently own just 0.05% of United Utilities.
  • MarketBeat previews top five stocks to own in September.

United Utilities Group PLC (LON:UU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,350.86 and traded as high as GBX 1,438. United Utilities Group shares last traded at GBX 1,419, with a volume of 1,574,294 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on UU. Royal Bank Of Canada upgraded United Utilities Group to a "sector perform" rating and upped their target price for the company from GBX 1,450 to GBX 1,550 in a report on Tuesday, May 5th. Jefferies Financial Group upped their price objective on shares of United Utilities Group from GBX 1,320 to GBX 1,350 and gave the company a "hold" rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of United Utilities Group from GBX 1,450 to GBX 1,550 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Finally, Citigroup dropped their price target on shares of United Utilities Group from £152.50 to GBX 1,340 and set a "neutral" rating for the company in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, United Utilities Group presently has a consensus rating of "Hold" and a consensus target price of GBX 1,419.17.

Read Our Latest Research Report on UU

United Utilities Group Stock Up 0.8%

The stock has a market capitalization of £9.80 billion, a price-to-earnings ratio of 77.24, a P/E/G ratio of 0.69 and a beta of 0.58. The business has a 50-day moving average of GBX 1,372 and a 200-day moving average of GBX 1,350.86. The company has a debt-to-equity ratio of 512.65, a quick ratio of 1.13 and a current ratio of 2.55.

Insider Buying and Selling at United Utilities Group

In other United Utilities Group news, insider Phil Aspin sold 24,566 shares of United Utilities Group stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of GBX 1,306, for a total transaction of £320,831.96. 0.05% of the stock is currently owned by corporate insiders.

About United Utilities Group

(Get Free Report)

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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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