United Utilities Group (OTCMKTS:UUGRY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of United Utilities Group PLC (OTCMKTS:UUGRY) saw unusually-high trading volume on Friday. Approximately 59,889 shares changed hands during mid-day trading, an increase of 99% from the previous session’s volume of 30,115 shares. The stock last traded at $37.64 and had previously closed at $36.98.

Analyst Ratings Changes

A number of analysts recently weighed in on UUGRY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of United Utilities Group in a report on Monday, June 8th. BNP Paribas Exane assumed coverage on shares of United Utilities Group in a research report on Monday, June 29th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

United Utilities Group Stock Up 1.4%

The stock’s 50 day simple moving average is $37.53 and its 200 day simple moving average is $36.46.

About United Utilities Group

United Utilities Group plc is a regulated water and wastewater company serving customers across the North West of England. Through its operating subsidiary, United Utilities Water Limited, the company manages the collection, treatment and supply of drinking water, as well as the collection, treatment and disposal of wastewater.

The company operates an extensive network of reservoirs, treatment works, pumping stations, water mains and sewers. Its activities also include maintaining and upgrading water and wastewater infrastructure, improving environmental performance, managing water resources and supporting customer services for households and businesses.

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