United Utilities Group (LON:UU) Share Price Crosses Above 200-Day Moving Average – What’s Next?

United Utilities Group PLC (LON:UU) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 1,359.02 and traded as high as GBX 1,419. United Utilities Group shares last traded at GBX 1,416, with a volume of 1,572,075 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on UU. Jefferies Financial Group boosted their target price on shares of United Utilities Group from GBX 1,320 to GBX 1,350 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Citigroup lowered their target price on United Utilities Group from £152.50 to GBX 1,340 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 1,419.17.

United Utilities Group Trading Up 0.5%

The business’s 50-day simple moving average is GBX 1,395.52 and its 200-day simple moving average is GBX 1,359.02. The company has a debt-to-equity ratio of 512.65, a quick ratio of 1.13 and a current ratio of 2.55. The company has a market capitalization of £9.75 billion, a price-to-earnings ratio of 76.81, a P/E/G ratio of 0.69 and a beta of 0.58.

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. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.