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

Key Points

• United Utilities Group's stock price has surpassed its 200-day moving average, which is currently at GBX 1,100.14 ($14.99), trading as high as GBX 1,155 ($15.74) during the day.
• Barclays upgraded the stock to an "overweight" rating and increased the price target from GBX 1,280 to GBX 1,535, contributing to an average "Buy" rating among analysts.
• The company holds a strong financial position with a market cap of £7.78 billion and a P/E ratio of 61.32, indicating potential growth despite a high valuation.

United Utilities Group PLC (LON:UU - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,100.14 ($14.91) and traded as high as GBX 1,155 ($15.65). United Utilities Group shares last traded at GBX 1,136 ($15.40), with a volume of 909,990 shares traded.

Analysts Set New Price Targets

Separately, Barclays raised United Utilities Group to an "overweight" rating and lifted their price objective for the stock from GBX 1,280 to GBX 1,535 in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, United Utilities Group currently has an average rating of "Buy" and an average price target of GBX 1,535.

United Utilities Group Trading Up 1.2%

The company has a 50 day moving average of GBX 1,131.72 and a 200 day moving average of GBX 1,101.31. 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 firm has a market cap of £7.87 billion, a price-to-earnings ratio of 62.05, a price-to-earnings-growth ratio of 0.69 and a beta of 0.41.

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.