United Utilities Group (OTCMKTS:UUGRY) Sees Large Volume Increase – Still a Buy?

Shares of United Utilities Group PLC (OTCMKTS:UUGRY) saw an uptick in trading volume on Monday. 22,813 shares changed hands during mid-day trading, a decline of 25% from the previous session’s volume of 30,331 shares. The stock last traded at $37.99 and had previously closed at $37.75.

Analysts Set New Price Targets

Separately, BNP Paribas Exane initiated coverage on United Utilities Group in a research report on Monday, June 29th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

United Utilities Group Stock Performance

The firm’s 50 day simple moving average is $37.63 and its 200-day simple moving average is $36.62.

United Utilities Group Company Profile

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.