United Utilities Group (OTCMKTS:UUGRY) Hits New 52-Week High – Here’s What Happened

Shares of United Utilities Group PLC (OTCMKTS:UUGRY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.7850 and last traded at $32.7850, with a volume of 480 shares changing hands. The stock had previously closed at $31.85.

Analysts Set New Price Targets

UUGRY has been the topic of several research analyst reports. Zacks Research upgraded United Utilities Group from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Barclays upgraded shares of United Utilities Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th. Citigroup reaffirmed a “buy” rating on shares of United Utilities Group in a research report on Monday, November 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of United Utilities Group in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

United Utilities Group Trading Up 0.9%

The firm’s 50 day simple moving average is $31.46 and its 200 day simple moving average is $30.92. The company has a quick ratio of 1.91, a current ratio of 1.94 and a debt-to-equity ratio of 5.16.

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.