United Utilities Group PLC (LON:UU) shares fell 0% during trading on Friday . The stock traded as low as GBX 764.40 ($10.37) and last traded at GBX 768.20 ($10.42). 2,008,167 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 2,190,000 shares. The stock had previously closed at GBX 768.20 ($10.42).
A number of brokerages have recently weighed in on UU. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 870 ($11.80) price target on shares of United Utilities Group in a research note on Friday, January 12th. Credit Suisse Group raised shares of United Utilities Group to a “neutral” rating and set a GBX 850 ($11.53) price target for the company in a research note on Friday, January 5th. JPMorgan Chase & Co. reduced their price target on shares of United Utilities Group from GBX 1,070 ($14.51) to GBX 1,000 ($13.56) and set an “overweight” rating for the company in a research note on Thursday, December 7th. Barclays reaffirmed an “equal weight” rating on shares of United Utilities Group in a research note on Tuesday, November 14th. Finally, HSBC lowered shares of United Utilities Group to a “hold” rating and reduced their price target for the stock from GBX 1,000 ($13.56) to GBX 900 ($12.21) in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 943.67 ($12.80).
The company has a market cap of $5,240.00 and a P/E ratio of 1,219.37.
The firm also recently announced a dividend, which will be paid on Thursday, February 1st. Investors of record on Thursday, December 21st will be paid a dividend of GBX 13.24 ($0.18) per share. This represents a yield of 1.68%. The ex-dividend date of this dividend is Thursday, December 21st.
In other news, insider Paulette Rowe purchased 3,000 shares of United Utilities Group stock in a transaction that occurred on Thursday, January 11th. The stock was acquired at an average price of GBX 770 ($10.44) per share, for a total transaction of £23,100 ($31,326.28). Also, insider Steven L. Mogford sold 217,500 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of GBX 801 ($10.86), for a total transaction of £1,742,175 ($2,362,591.54). Over the last three months, insiders have sold 226,743 shares of company stock valued at $181,743,930.
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About United Utilities Group
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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