United Utilities Group (LON:UU) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• United Utilities Group shares have crossed above their 200-day moving average during trading, currently priced at GBX 1,144 ($15.42).
• Barclays has rated the stock as "overweight" and increased its target price significantly from GBX 1,280 to GBX 1,535.
• As of now, the stock maintains an average rating of "Buy" with a consensus target price of GBX 1,535.

Shares of United Utilities Group PLC (LON:UU - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,113.43 ($15.01) and traded as high as GBX 1,147.50 ($15.47). United Utilities Group shares last traded at GBX 1,144 ($15.42), with a volume of 831,773 shares trading hands.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of United Utilities Group to an "overweight" rating and raised their target price 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, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 1,535.

United Utilities Group Stock Performance

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 company has a market capitalization of £7.87 billion, a PE ratio of 62.02, a price-to-earnings-growth ratio of 0.69 and a beta of 0.41. The firm's fifty day simple moving average is GBX 1,135.02 and its 200 day simple moving average is GBX 1,113.43.

About United Utilities Group

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.

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