United Utilities Group PLC (LON:UU) shares fell 0.3% during mid-day trading on Wednesday . The stock traded as low as GBX 661.80 ($9.14) and last traded at GBX 662.20 ($9.15). 2,003,121 shares were traded during mid-day trading, a decline of 23% from the average session volume of 2,590,000 shares. The stock had previously closed at GBX 664.40 ($9.18).
Several research firms recently commented on UU. Goldman Sachs Group reissued a “neutral” rating and set a GBX 778 ($10.75) target price on shares of United Utilities Group in a research note on Friday, January 26th. Deutsche Bank reissued a “buy” rating and set a GBX 870 ($12.02) target price 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 ($11.74) target price for the company in a research note on Friday, January 5th. JPMorgan Chase & Co. cut their target price on shares of United Utilities Group from GBX 1,070 ($14.78) to GBX 1,000 ($13.82) and set an “overweight” rating for the company in a research note on Thursday, December 7th. Finally, HSBC lowered shares of United Utilities Group to a “hold” rating and cut their target price for the company from GBX 1,000 ($13.82) to GBX 900 ($12.43) in a research note on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 927.10 ($12.81).
The company has a market capitalization of $4,520.00 and a PE ratio of 1,051.11.
In other news, insider Steven L. Mogford sold 217,500 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of GBX 801 ($11.07), for a total transaction of £1,742,175 ($2,406,983.97). Also, insider Paulette Rowe purchased 3,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were acquired at an average price of GBX 770 ($10.64) per share, for a total transaction of £23,100 ($31,914.89). In the last quarter, insiders sold 226,743 shares of company stock valued at $181,743,930.
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United Utilities Group Company Profile
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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