United Utilities Group PLC (OTCMKTS:UUGRY – Get Rating) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,200 shares, a drop of 70.7% from the March 15th total of 7,500 shares. Based on an average daily volume of 246,800 shares, the short-interest ratio is presently 0.0 days.
A number of brokerages have recently issued reports on UUGRY. Morgan Stanley increased their price target on shares of United Utilities Group from GBX 950 ($12.38) to GBX 980 ($12.77) in a report on Thursday, February 17th. Jefferies Financial Group lowered United Utilities Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 22nd. Finally, Zacks Investment Research upgraded shares of United Utilities Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $980.00.
Shares of UUGRY opened at $29.50 on Wednesday. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.90 and a quick ratio of 0.88. The company’s 50-day moving average is $28.57 and its 200-day moving average is $28.58. United Utilities Group has a fifty-two week low of $26.26 and a fifty-two week high of $31.14.
United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, financing, and property management activities; and the provision of waste treatment, consulting, and project management services. The company operates 42,000 kilometers of water pipes; 78,000 km of wastewater pipes; 567 wastewater treatment works; and 88 water treatment works.
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