United Utilities Group PLC (LON:UU) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 818 ($10.79) and last traded at GBX 818.50 ($10.80), with a volume of 1,852,293 shares traded. The stock had previously closed at GBX 837.50 ($11.05).
Several research analysts have recently issued reports on UU shares. HSBC Holdings plc decreased their target price on United Utilities Group PLC from GBX 1,070 ($14.12) to GBX 1,000 ($13.20) and set a “buy” rating for the company in a research report on Friday, July 21st. Deutsche Bank AG reissued a “hold” rating and issued a GBX 1,050 ($13.86) target price on shares of United Utilities Group PLC in a research report on Wednesday, July 12th. Macquarie decreased their target price on United Utilities Group PLC from GBX 1,040 ($13.72) to GBX 963 ($12.71) and set a “neutral” rating for the company in a research report on Thursday, August 31st. Royal Bank Of Canada raised United Utilities Group PLC to an “outperform” rating and increased their target price for the stock from GBX 1,025 ($13.53) to GBX 1,050 ($13.86) in a research report on Monday, July 31st. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 1,070 ($14.12) target price on shares of United Utilities Group PLC in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 965.38 ($12.74).
The firm’s 50-day moving average price is GBX 865.96 and its 200-day moving average price is GBX 926.83. The company’s market capitalization is GBX 5.68 billion.
In related news, insider Steven Fraser sold 6,917 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of GBX 899 ($11.86), for a total value of £62,183.83 ($82,058.37).
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About United Utilities Group PLC
United Utilities Group PLC is a water company. The Company, through its subsidiary, United Utilities Water Limited (United Utilities Water), manages the regulated water and wastewater network in the North West of England, providing services to around seven million people and businesses. It owns over 55,000 hectares of land around its reservoirs.
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