United Utilities Group (OTCMKTS:UUGRY) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

United Utilities Group PLC (OTCMKTS:UUGRY)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $35.75 and traded as high as $38.3055. United Utilities Group shares last traded at $38.30, with a volume of 7,984 shares changing hands.

Analyst Ratings Changes

UUGRY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of United Utilities Group in a report on Monday, June 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of United Utilities Group in a report on Tuesday, May 5th. BNP Paribas Exane initiated coverage on shares of United Utilities Group in a research report on Monday, June 29th. They set an “outperform” rating for the company. Finally, Citigroup lowered shares of United Utilities Group from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, United Utilities Group currently has a consensus rating of “Moderate Buy”.

United Utilities Group Stock Performance

The business has a 50-day moving average price of $35.75 and a 200 day moving average price of $35.79.

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.