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

Key Points

• United Utilities Group's stock price recently crossed above its 200-day moving average, trading at GBX 1,170.50 ($15.82).
• Barclays upgraded the stock to an "overweight" rating and raised the price target from GBX 1,280 to GBX 1,535.
• Insider trading activity includes Ian El-Mokadem purchasing 3,000 shares while Phil Aspin sold 11,682 shares recently.

United Utilities Group PLC (LON:UU - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,081.54 ($14.58) and traded as high as GBX 1,170.50 ($15.78). United Utilities Group shares last traded at GBX 1,170.50 ($15.78), with a volume of 1,081,328 shares changing hands.

Wall Street Analyst Weigh In

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

United Utilities Group Trading Up 0.1%

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 cap of £8.00 billion, a PE ratio of 63.02, a price-to-earnings-growth ratio of 0.69 and a beta of 0.41. The company has a 50-day moving average of GBX 1,131.93 and a 200 day moving average of GBX 1,084.32.

Insiders Place Their Bets

In other United Utilities Group news, insider Louise Beardmore sold 4,691 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of GBX 1,161, for a total value of £54,462.51. Also, insider Phil Aspin sold 11,682 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of GBX 1,161, for a total transaction of £135,628.02. Insiders bought a total of 3,079 shares of company stock valued at $3,593,203 over the last 90 days. Insiders own 0.05% of the company's stock.

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.