United Utilities Group (LON:UU) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

United Utilities Group PLC (LON:UU) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,288.72 and traded as high as GBX 1,336. United Utilities Group shares last traded at GBX 1,324, with a volume of 918,344 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada raised shares of United Utilities Group to a “sector perform” rating and lifted their price objective for the stock from GBX 1,450 to GBX 1,550 in a report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,320 price objective on shares of United Utilities Group in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of United Utilities Group from GBX 1,450 to GBX 1,550 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of United Utilities Group from GBX 1,300 to GBX 1,450 and gave the stock a “neutral” rating in a report on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, United Utilities Group presently has an average rating of “Hold” and an average price target of GBX 1,429.57.

United Utilities Group Price Performance

The company has a market capitalization of £8.90 billion, a P/E ratio of 70.17, a P/E/G ratio of 0.69 and a beta of 0.58. The business’s fifty day moving average price is GBX 1,350.87 and its 200-day moving average price is GBX 1,290.62. The company has a current ratio of 2.55, a quick ratio of 1.13 and a debt-to-equity ratio of 512.65.

United Utilities Group (LON:UU) last issued its earnings results on Thursday, April 30th. The company reported GBX 107.10 EPS for the quarter. The company had revenue of GBX 261.63 billion for the quarter. United Utilities Group had a net margin of 22.43% and a return on equity of 27.72%. As a group, sell-side analysts predict that United Utilities Group PLC will post 50.9730539 earnings per share for the current fiscal year.

About United Utilities Group

United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is involved in the renewable energy generation, corporate trustee, financing, and property management activities; and provision of consulting, and project management services. The company operates 43,000 kilometers of water pipes; and 79,000 kilometers of wastewater pipes. United Utilities Group PLC was incorporated in 2008 and is based in Warrington, the United Kingdom.