United Utilities Group (OTCMKTS:UUGRY) Reaches New 52-Week High – Should You Buy?

United Utilities Group PLC (OTCMKTS:UUGRY) shares hit a new 52-week high on Tuesday . The company traded as high as $34.16 and last traded at $34.16, with a volume of 11249 shares changing hands. The stock had previously closed at $33.2550.

Analysts Set New Price Targets

Several analysts have commented on UUGRY shares. Zacks Research upgraded shares of United Utilities Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Citigroup reissued a “buy” rating on shares of United Utilities Group in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

United Utilities Group Stock Performance

The business’s fifty day simple moving average is $32.16 and its two-hundred day simple moving average is $31.38. The company has a current ratio of 2.22, a quick ratio of 2.21 and a debt-to-equity ratio of 5.50.

About United Utilities Group

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.