HSBC Reiterates Neutral Rating for United Utilities Group (UU)
United Utilities Group (LON:UU)‘s stock had its “neutral” rating restated by research analysts at HSBC in a report released on Thursday, AR Network reports. They currently have a GBX 720 ($11.81) target price on the stock. HSBC’s price objective suggests a potential upside of 9.34% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of United Utilities Group from GBX 750 ($12.30) to GBX 735 ($12.06) in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of United Utilities Group in a research note to investors on Monday, December 16th. They now have a GBX 800 ($13.12) price target on the stock. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 748.49 ($12.28).
Shares of United Utilities Group (LON:UU) traded down 0.15% on Thursday, hitting GBX 658.50. 1,759,895 shares of the company’s stock traded hands. United Utilities Group has a 52-week low of GBX 617.00 and a 52-week high of GBX 795.00. The stock’s 50-day moving average is GBX 660.9 and its 200-day moving average is GBX 689.0. The company’s market cap is £4.490 billion.
United Utilities Group PLC (LON:UU) is engaged in water business.
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