United Utilities Group (LON:UU) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

United Utilities Group PLC (LON:UU)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,275.53 and traded as high as GBX 1,306. United Utilities Group shares last traded at GBX 1,306, with a volume of 2,067,577 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada upgraded United Utilities Group to a “sector perform” rating and raised their price objective for the company from GBX 1,450 to GBX 1,550 in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft raised their price objective on United Utilities Group from GBX 1,450 to GBX 1,550 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Jefferies Financial Group restated a “hold” rating and set a GBX 1,320 price objective on shares of United Utilities Group in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. raised their price objective on United Utilities Group from GBX 1,300 to GBX 1,450 and gave the company a “neutral” rating in a research report on Monday, April 13th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, United Utilities Group has an average rating of “Hold” and a consensus target price of GBX 1,429.57.

United Utilities Group Trading Up 1.8%

The company has a market cap of £9.10 billion, a PE ratio of 71.74, a price-to-earnings-growth ratio of 0.69 and a beta of 0.59. The company has a debt-to-equity ratio of 512.65, a current ratio of 2.55 and a quick ratio of 1.13. The company has a 50-day moving average of GBX 1,344.56 and a 200 day moving average of GBX 1,275.53.

United Utilities Group (LON:UU) last released its quarterly earnings results on Thursday, April 30th. The company reported GBX 107.10 EPS for the quarter. The company had revenue of GBX 261.63 billion during the quarter. United Utilities Group had a return on equity of 27.72% and a net margin of 22.43%. Analysts predict that United Utilities Group PLC will post 50.9730539 earnings per share for the current year.

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.