Deutsche Bank reiterated their buy rating on shares of United Utilities (LON:UU) in a research note released on Friday, March 16th.
A number of other research firms have also recently issued reports on UU. HSBC cut United Utilities to a hold rating and dropped their price objective for the company from GBX 1,000 ($14.04) to GBX 900 ($12.63) in a report on Friday, November 17th. Credit Suisse Group upgraded United Utilities to a neutral rating and set a GBX 850 ($11.93) price objective for the company in a report on Friday, January 5th. JPMorgan Chase dropped their price objective on United Utilities from GBX 1,070 ($15.02) to GBX 1,000 ($14.04) and set an overweight rating for the company in a report on Thursday, December 7th. Goldman Sachs reaffirmed a neutral rating and set a GBX 778 ($10.92) target price on shares of United Utilities in a research report on Friday, January 26th. Finally, Morgan Stanley decreased their target price on United Utilities from GBX 840 ($11.79) to GBX 735 ($10.32) and set an underweight rating for the company in a research report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 915.60 ($12.85).
LON UU traded up GBX 16.40 ($0.23) during trading on Friday, hitting GBX 724.80 ($10.17). 3,038,948 shares of the stock traded hands, compared to its average volume of 2,840,000. United Utilities has a 12-month low of GBX 648.60 ($9.10) and a 12-month high of GBX 1,078 ($15.13).
In other news, insider Paulette Rowe purchased 3,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were acquired at an average price of GBX 770 ($10.81) per share, for a total transaction of £23,100 ($32,425.60). Also, insider Russ Houlden sold 14,481 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of GBX 704 ($9.88), for a total value of £101,946.24 ($143,102.53).
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United Utilities Company Profile
United Utilities Group PLC provides water and wastewater services in the United Kingdom. It is also involved in renewable energy generation, corporate trustee, and property management activities; and the provision of consulting and project management services. The company operates 43,000 kilometers (km) of pipes; 77,000 km of sewerage pipes; 567 wastewater treatment works; and 91 water treatment works.
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