United Utilities Group PLC (LON:UU) has earned an average rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is GBX 909.50 ($12.57).
Several analysts have commented on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,000 ($13.82) target price on shares of United Utilities Group in a research report on Friday, March 9th. Deutsche Bank reissued a “buy” rating on shares of United Utilities Group in a report on Friday. Morgan Stanley decreased their price target on shares of United Utilities Group from GBX 840 ($11.61) to GBX 735 ($10.15) and set an “underweight” rating for the company in a report on Tuesday, March 6th. Credit Suisse Group raised shares of United Utilities Group to a “neutral” rating and set a GBX 850 ($11.74) price target for the company in a report on Friday, January 5th. Finally, Goldman Sachs reissued a “neutral” rating and issued a GBX 778 ($10.75) price target on shares of United Utilities Group in a report on Friday, January 26th.
In related news, insider Steven L. Mogford sold 217,500 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of GBX 801 ($11.07), for a total value of £1,742,175 ($2,406,983.97). Also, insider Paulette Rowe bought 3,000 shares of United Utilities Group stock in a transaction that occurred on Thursday, January 11th. The stock was bought at an average cost of GBX 770 ($10.64) per share, with a total value of £23,100 ($31,914.89).
Shares of United Utilities Group (UU) traded up GBX 2.80 ($0.04) during trading on Friday, hitting GBX 694.40 ($9.59). 12,185,356 shares of the company’s stock traded hands, compared to its average volume of 2,840,000. The company has a market cap of $4,750.00 and a PE ratio of 1,102.22. United Utilities Group has a 52 week low of GBX 648.60 ($8.96) and a 52 week high of GBX 1,078 ($14.89).
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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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