On January 5, 2024, insider David Shillson purchased 6,535 shares of UIL Limited (LON:UTL) stock in a significant transaction. The shares were acquired at an average price of GBX 156 each, resulting in a total investment of £10,194.60.
UIL Stock Performance and Market Metrics
Following the transaction, UIL Limited’s stock experienced a notable increase. On the same day, it rose by GBX 14.62, reaching GBX 168. Trading volume was markedly higher than usual, with 31,296 shares exchanging hands compared to the average volume of 19,263. Currently, the company boasts a market capitalization of £152.08 million and a price-to-earnings ratio of 15.03. The stock’s beta is recorded at 0.80, indicating lower volatility compared to the broader market.
Over the past year, UIL Limited’s stock has fluctuated between a low of GBX 98 and a high of GBX 185.12. The fifty-day moving average stands at GBX 162.24, while the two-hundred day moving average is at GBX 142.14.
Analysts’ Insights on UIL Limited
In a recent research report, Shore Capital reaffirmed its positive outlook on UIL Limited, maintaining a “house stock” rating on the shares. This endorsement reflects confidence in the company’s strategy and performance potential.
UIL Limited focuses on identifying investments with latent value, aiming to maximize shareholder returns. The firm, formerly known as Utilico Investments Limited and Utilico Limited, operates as an exempted closed-end investment company based in Bermuda. Its investment objective is to discover opportunities globally where underlying asset values are not fully recognized.
As UIL Limited continues to navigate the investment landscape, the recent acquisition by David Shillson signifies a strong commitment to the company’s future. Investors will be closely watching the firm’s strategic moves and market performance in the coming months.
