United Utilities Group (OTCMKTS:UUGRY) Shares Gap Down – Here’s Why

Shares of United Utilities Group PLC (OTCMKTS:UUGRYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $38.60, but opened at $37.26. United Utilities Group shares last traded at $37.24, with a volume of 865 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UUGRY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of United Utilities Group in a report on Monday, June 8th. BNP Paribas Exane started coverage on shares of United Utilities Group in a research report on Monday, June 29th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of United Utilities Group in a research note on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, United Utilities Group presently has an average rating of “Hold”.

Check Out Our Latest Research Report on United Utilities Group

United Utilities Group Stock Down 2.4%

The company has a fifty day simple moving average of $37.14 and a two-hundred day simple moving average of $36.41.

United Utilities Group Company Profile

(Get Free Report)

United Utilities Group (OTCMKTS:UUGRY) is a leading regulated water and wastewater services provider in the United Kingdom, serving more than seven million residents and businesses across North West England. Headquartered in Warrington, the company manages an integrated network of treatment works, reservoirs, pumping stations and more than 26,000 kilometres of water mains. Through its regulated arm, it supplies potable water and collects, transports and treats wastewater, ensuring compliance with environmental and public health standards set by Ofwat and the Environment Agency.

In addition to its core water and wastewater operations, United Utilities has expanded into related services including flood risk management, environmental consultancy and renewable energy generation.

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