United Utilities Group (OTCMKTS:UUGRY) Reaches New 12-Month High – Here’s Why

Shares of United Utilities Group PLC (OTCMKTS:UUGRY) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $40.6262 and last traded at $40.4050, with a volume of 89,379 shares. The stock had previously closed at $39.44.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane began coverage on shares of United Utilities Group in a research report on Monday, June 29th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

United Utilities Group Stock Performance

The stock’s 50 day moving average price is $37.73 and its 200 day moving average price is $36.80.

About United Utilities Group

United Utilities Group plc is a United Kingdom-based water and wastewater services company. Through its regulated subsidiary, United Utilities Water Limited, the company provides clean water and wastewater collection, treatment and disposal services across the North West of England.

The company operates and maintains a large regional network of reservoirs, water-treatment works, pumping stations, sewer systems and wastewater-treatment facilities. Its activities also include managing water resources, maintaining and upgrading infrastructure, supporting environmental protection and delivering services to household, commercial and industrial customers.

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