United Utilities Group (OTCMKTS:UUGRY) Sees Large Volume Increase – Time to Buy?

United Utilities Group PLC (OTCMKTS:UUGRY) saw unusually-strong trading volume on Wednesday . 297,250 shares were traded during trading, an increase of 991% from the previous session’s volume of 27,247 shares.The stock last traded at $38.62 and had previously closed at $38.15.

Analysts Set New Price Targets

UUGRY has been the subject of several recent analyst reports. BNP Paribas Exane started coverage on shares of United Utilities Group in a research note on Monday, June 29th. They set an “outperform” rating for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of United Utilities Group in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of United Utilities Group in a research report on Monday, June 8th. Finally, Citigroup downgraded United Utilities Group from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

United Utilities Group Trading Up 1.5%

The company’s 50 day moving average price is $35.97 and its 200 day moving average price is $35.95.

United Utilities Group Company Profile

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.