United Utilities Group (OTCMKTS:UUGRY) Sees Unusually-High Trading Volume – Still a Buy?

United Utilities Group PLC (OTCMKTS:UUGRY) shares saw an uptick in trading volume on Tuesday . Approximately 57,868 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 28,023 shares.The stock last traded at $36.85 and had previously closed at $36.27.

Analysts Set New Price Targets

A number of research firms have recently commented on UUGRY. BNP Paribas Exane assumed coverage on United Utilities Group in a research report on Monday, June 29th. They set an “outperform” rating on the stock. Citigroup cut United Utilities Group from a “buy” rating to a “neutral” rating in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of United Utilities Group in a research note on Monday, June 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of United Utilities Group in a research report on Tuesday, May 5th. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

United Utilities Group Trading Up 1.9%

The stock has a fifty day moving average of $35.65 and a 200-day moving average of $35.61.

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.