United Utilities Group (OTCMKTS:UUGRY) Reaches New 1-Year Low – What’s Next?

United Utilities Group PLC (OTCMKTS:UUGRY)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.99 and last traded at $23.37, with a volume of 65105 shares trading hands. The stock had previously closed at $23.59.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup raised United Utilities Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada upgraded shares of United Utilities Group to a “moderate buy” rating in a report on Wednesday, October 9th. Finally, Barclays raised shares of United Utilities Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 12th.

United Utilities Group Price Performance

The business has a 50-day moving average of $27.03 and a 200-day moving average of $26.90. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.32.

United Utilities Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, November 29th will be paid a $0.4369 dividend. The ex-dividend date is Friday, November 29th.

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.