United Utilities Group plc , the United Kingdom's largest listed water company, was founded in 1995 as a result of the merger of North West Water and NORWEB. The group manages the regulated water and wastewater network in North West England, which includes Cumbria, Cheshire, Greater Manchester, Lancashire and Merseyside, which have a combined population of nearly seven million.
Market Cap: £5.8Billion
United Utilities has broken out of a with an impulsive move higher. The correction lower in recent days has been limited and buyers appear to be emerging once again. A may be taking shape which would suggest a continuation higher over the short term. The ultimate target is for a move to 1065p, which is a previous high dating back to May 2017. It’s also a nice one for income investors with a dividend yield of 4.74%.
Target 1: 940p
Target 2: 1000p
Target 3: 1065p
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