United Utilities Group (OTCMKTS:UUGRY) Sets New 52-Week High – What’s Next?

Shares of United Utilities Group PLC (OTCMKTS:UUGRY) hit a new 52-week high during trading on Thursday. The stock traded as high as $40.6262 and last traded at $40.4050, with a volume of 89,379 shares. The stock had previously closed at $39.44.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane initiated coverage on United Utilities Group in a research note on Monday, June 29th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, United Utilities Group presently has an average rating of “Hold”.

United Utilities Group Price Performance

The stock’s 50-day moving average is $37.73 and its 200 day moving average is $36.80.

United Utilities Group Company Profile

United Utilities Group plc is a United Kingdom-based water and wastewater services company. Through its regulated subsidiary, United Utilities Water Limited, the company provides clean water and wastewater collection, treatment and disposal services across the North West of England.

The company operates and maintains a large regional network of reservoirs, water-treatment works, pumping stations, sewer systems and wastewater-treatment facilities. Its activities also include managing water resources, maintaining and upgrading infrastructure, supporting environmental protection and delivering services to household, commercial and industrial customers.

United Utilities was formed in 1995 through the merger of North West Water and NORWEB.